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The Global Dairy Trade auction on November 5, 2024 rose sharply, with whole milk powder up about 0.5% and the index up 3.8%. Prices came in slightly above futures expectations.
The GDT was delayed by a week, so the auction was held in the third week rather than the usual alternate week.
A strong GDT result supports global dairy export prices and suggests firmer demand for milk powder, which can lift US and global milk price expectations.
insights.ever.agjorge.romeroNov 5, 2024Not 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.
