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The GDT Price Index fell 2.8% at the first auction of January 2023, with an average selling price of $3,365 per tonne. Volumes rose about 16.5% to 33,478 tonnes, and the previous auction had dropped 3.8%.
Lower GDT prices and firmer volumes point to soft global dairy demand and pressure on export returns. The move is a routine auction result with limited direct effect on feed prices.
thedairysite.comMelanie EppJan 3, 2023Not 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.
