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The Global Dairy Trade index fell 0.8% at its latest auction, its first decline in over six events, with whole milk powder down more than 3%. Butter and anhydrous milk fat rose, while cheddar, lactose and casein fell.
US milk output hit record April and May volumes, up about 2% year on year.
Record US milk output and softer whole milk powder prices weigh on global dairy values. Stronger fat prices offset some of that pressure.
farmersjournal.ieLorcan AllenJun 21, 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.
