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The GDT price index fell 0.3% at the August 1 auction, below expectations and to its lowest level since September 2020. Analysts described July as a slow and weak month for the dairy industry.
A lower global auction index confirms weak international dairy demand and pressures export-linked milk prices. Feed buyers should expect a soft dairy complex in the near term.
insights.ever.agjorge.romeroAug 1, 2023Not 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.
