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The Global Dairy Trade index rose nearly 5% at its 6 September auction, only the second rise since March. Whole milk powder gained 5.1%, butter 3.3% and AMF 14%.
Analysts linked the rise to slowing milk output in Europe and New Zealand and steady US domestic demand.
Slowing European and Oceania milk output tightens global dairy supply and supports export prices. This bullish signal for global dairy can lift US Class III and related milk values.
brownfieldagnews.comLarry LeeSep 7, 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.
