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The Global Dairy Trade auction weighted average fell 1.7% on August 18, after a 5.1% drop on August 4. Cheddar fell 3.6%, lactose fell 3.3%, and butter fell 2.0%.
Only skim milk powder rose, up 1.1%.
Continued declines at GDT signal softer global dairy export prices, which weigh on US milk prices and the value of dairy-linked feed ingredients.
capitalpress.comLEE MIELKEFor the Capital PressAug 18, 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.
