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The GDT index rose about 1% at the latest auction, led by skim milk powder up nearly 3% to $2,580 per tonne, with butter and cheddar also higher. Whole milk powder was roughly flat near $3,000 per tonne.
European spot SMP firmed near €2,000 per tonne.
Recovering SMP prices after EU intervention stock clearance support powder values across the dairy complex. European butter easing toward world prices limits upside in fats.
farmersjournal.ieLorcan AllenFeb 20, 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.
GDT auction gains led by skim milk powder and butter/cheddar signal firm global demand and supported US dairy price sentiment.
