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EU and US milk supply growth was moderated by weather, with EU 28 supplies up 2.1% in April and US growth at 0.7% in April and 0.9% in May. EU dairy commodity prices strengthened through June before easing after three consecutive negative GDT auctions.
Slower EU and US milk output supports dairy prices, though recent GDT declines are limiting the gains and pointing to softer global dairy values.
ifa.ieJul 11, 2018Not 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.
