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The Global Dairy Trade index rose 2.2% at the December 4 auction, its first gain in six months, with skim milk powder, butter and whole milk powder higher and cheddar lower. US cull cow prices stayed near eight-year lows in October, averaging $57.80 per hundredweight.
A firmer GDT index suggests global dairy prices may be bottoming, which could support milk prices, while low cull cow values keep beef supply heavy.
agproud.comDave NatzkeDec 6, 2018Not 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.
