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First-quarter 2021 USDA mailbox milk prices averaged about $1.25 per cwt below all-milk prices, a wider gap than in 2019. Global Dairy Trade index fell again, and Darigold announced a $500 million protein and butter plant.
The widening mailbox-to-all-milk gap reflects pandemic-era marketing effects, while the falling GDT index points to softer global dairy prices.
agproud.comDave NatzkeJul 7, 2021Not 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.
