Loading…
Dairy prices rose 6.6% at the August 3 Global Dairy Trade auction, with whole milk powder up almost 10%. Analysts said the rally reflects the market responding to tightening global milk production.
The rally followed a run of flat auctions.
Market recognition of tightening global milk supply supports higher dairy prices, which can raise the cost of dairy-based feed ingredients.
nbr.co.nzAug 4, 2016After 41 past bullish trade events, Milk (Class III) moved a median -0.1% over 5 sessions (49% higher; middle half -1.3% to +8.1%), and +1.1% over 20.
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.
