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The Global Dairy Trade auction rose 2.7% on July 16, ending four straight declines, with skim milk powder up 3.8% and whole milk powder up 3.6%. Sellers offered 55.1 million pounds, the most since February.
A rebound in global dairy prices supports US milk and dairy export values, though the gain is modest and volumes are large enough to limit further upside.
capitalpress.comLEE MIELKEFor the Capital PressJul 16, 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.
