Loading…
Global Dairy Trade Event 270 saw the GDT Price Index rise 0.4%, with butter and cheddar up and skim milk powder and lactic casein down. Iowa's September milk production rose 3% year on year to 439 million pounds, with cow numbers and output per cow both higher.
Higher Iowa output and a small global price gain point to ample milk supply, which limits dairy price upside. Feed demand from dairy herds stays firm as production grows.
blogs.extension.iastate.edunwiadairyoutlookOct 21, 2020Not 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.
