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At the November 10 GDT Pulse auction, skim and whole milk powder prices rose, while butter and anhydrous milk fat prices fell. Whole milk powder is nearly 10% more expensive than at the October 13 auction.
The diverging auction results point to firmer demand or tighter availability for milk powders but weaker conditions for butterfat products. This supports powder prices and pressures butter and milk-fat prices.
Not enough comparable past events yet for a historical read.
Not 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.