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The Global Dairy Trade price index rose 5.9% at the latest auction, following a 4.9% gain in mid-January. Whole milk powder rose 7.6%, skimmed milk powder 7.2%, butter 7.9% and cheddar 7.2%.
Stronger GDT prices across dairy products signal firmer global demand, supporting dairy feed ingredient values, though rising European milk output limits the upside.
farminglife.comThe NewsroomFeb 10, 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.
