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The Global Dairy Trade price index fell 3.9% at event 202, with AMF down 6.7%, butter down 2.3%, cheddar down 7.9%, and SMP down 4.8%. Whole milk powder fell 2.5%.
Broad declines in global dairy prices reduce the value of milk-based feed ingredients and pressure export returns. Lower prices may also weigh on dairy feed demand.
farminglife.comThe NewsroomDec 19, 2017Not 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.
