Loading…
The GDT price index fell 0.5 percent at the latest auction, with anhydrous milk fat down 5.1 percent and butter down 4.9 percent. Skim milk powder rose 1.9 percent to its highest average price since August 2014.
Lower milk fat demand weighs on dairy prices, while strong skim milk powder pricing supports protein-based dairy values, leaving the overall dairy complex mixed.
businessdesk.co.nzMargreet DietzDec 3, 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.
