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Global Dairy Trade Event 243 closed with its price index down 0.4%. Among the components, the AMF index fell 1.5% to US$4,988/MT, the cheddar index fell 0.8%, and the WMP index fell 0.8% to US$3,076/MT.
The SMP and BMP indexes rose.
A slight decline in global dairy auction prices signals soft export demand for dairy products. This points to flat-to-weaker U.S. milk prices, though the small move limits the impact.
farminglife.comThe NewsroomFeb 28, 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.
