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The Dairy Price Index on the latest Global Dairy Trade auction fell 2.6 percent, its fifth decline in six auctions, with butter and buttermilk leading the drop. Cheddar fell 2 percent while skim and whole milk powders dropped 1.6 and 1.7 percent.
The page also recaps several earlier weekly US dairy reports.
Falling global dairy auction prices signal weaker export demand for milk powders and butter, which weighs on US Class IV pricing and dairy-based feed ingredient values.
centerfordairyexcellence.orgAug 7, 2019Not 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.
