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The Global Dairy Trade weighted average fell 2.9% at the August 23 auction, the fifth straight decline, led by a 9.8% drop in anhydrous milkfat. Whole milk powder fell 3.5% and skim milk powder edged up 0.1%, while GDT Cheddar rose 4.2%.
Continued GDT declines point to weaker global dairy demand and lower export prices, pressuring milk values that feed into dairy herd economics and feed purchasing.
farmers-exchange.netAug 26, 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.
