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Global Dairy Trade prices fell for a fifth consecutive auction, with the weighted average down 2.9%. Ukraine's grain exports were reported down 46% year on year, and the USDA said global milk supplies have tightened since the end of 2021.
Tighter global milk supply supports dairy prices, but falling auction results and weak Asian buying point to softer export demand for manufactured dairy products.
keyagdairydiary.blogspot.comAug 29, 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.
