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European dairy prices rebounded in early February after the GDT rally and cold US weather reduced milk supply. Skim milk powder rose more than 10% at GDT and the EU DCA price rose 8.2%, while EU cream and butter also climbed.
Stronger global powder and butter prices and reduced US supply support dairy ingredient values, although EU raw milk remains weak.
Not 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.