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The Global Dairy Trade auction price index fell 3.4% in the latest event, the fourth consecutive decline. Rennet casein dropped 12.6%, butter fell 5.9%, skim milk powder dropped 6.5%, and whole milk powder fell 2.7%.
Falling global dairy product prices signal weaker international demand and cheaper imports, which pressures prices for dairy ingredients used in feed.
agriland.ieConor FinnertyNov 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.
The fourth straight GDT decline (butter, SMP, casein all down) signals weak global dairy demand and export competition, pressuring US dairy prices and sentiment ahead of the window.
