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The GDT auction opened 2018 with a 2.2% rise in its weighted average, led by whole milk powder, on lower offerings from Fonterra. Butter and cheddar were mixed, and volume was the lowest since June 2017.
A modest global dairy auction rebound eases some pressure on milk prices, though Class III futures remain well below $16 per cwt.
leadertelegram.comLee MielkeJan 9, 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.
