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Global Dairy Trade Event 256 closed with the GDT Price Index down 3.9%. Skim milk powder fell 8.1% and whole milk powder fell 4.2%, while cheddar rose 2.6% and butter rose 0.3%.
Lower powder prices at the global auction signal softer international dairy demand and pressure on milk prices.
blogs.extension.iastate.eduMar 17, 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.
