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The Global Dairy Trade price index fell 2.9% at the 17 May auction, its fifth consecutive decline. Whole milk powder dropped 4.9% and butter fell 1.0%, while anhydrous milkfat rose 0.6%.
Falling GDT prices signal weaker global dairy export demand and pressure on milk prices. Lower dairy prices may ease the cost of dairy-based feed ingredients.
attenbabler.comMay 17, 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.
