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The Global Dairy Trade auction, event 227, opened 2019 with the price index up 2.8 percent, its third consecutive rise after seven declines in late 2018. All products rose, with butter milk powder up 9.3 percent and skim milk powder up 7.9 percent, and sweet whey powder was unavailable.
The third straight auction gain after a weak late 2018 signals a firming global dairy price trend, supportive for milk prices.
agriland.ieSylvester PhelanJan 2, 2019Not 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.
The GDT auction on Jan 2 rose 2.8% with broad gains in powders and whey-related products, signaling stronger global demand and lifting US Class III futures sentiment.
