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Global Dairy Trade Event 317 saw the GDT Price Index fall 3.5%, with butter down 7.0%, skim milk powder down 1.6%, cheddar down 3.8% and whole milk powder down 4.0%. The results were published on October 4, 2022.
Lower international dairy auction prices signal weaker export demand and pressure on global dairy values, which can weigh on US milk prices.
blogs.extension.iastate.eduOct 4, 2022Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
