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Global Dairy Trade Event 258 closed with the GDT price index down 4.2%, with AMF index down 7.0% and SMP down 4.9%. Whole milk powder fell 3.9% and butter fell 3.6%, while cheddar rose 1.9%.
A falling GDT index signals weaker global dairy export prices, supporting lower prices for milk powders and butter that feed into US and export milk values.
en.edairynews.comAlejandro MaurinoApr 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.
