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CME milk futures rose on Tuesday while cash dairy prices were mixed. The Global Dairy Trade index rose 0.9% to an average of $3,271 per metric ton, with whole milk powder up 0.3% to $3,022 a ton.
A firmer GDT index signals stronger global dairy demand relative to supply, which supports milk powder prices and related feed ingredient values.
brownfieldagnews.comLarry LeeFeb 19, 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.
