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The GDT price index fell 5.1% at the auction as demand from North Asia slackened, with whole milk powder down 7.5% and skim milk powder down 4.6%. Butter fell 2.8% while anhydrous milkfat rose 3% and lactose rose 5.7%.
Weaker powder and cheese prices in the global auction signal softer export demand for dairy, which lowers milk prices and reduces the appetite for dairy-related feed ingredients.
thebullvine.com5 ago 2020Dopo 49 eventi commercio ribassista passati, Latte (Classe III) si è mosso in mediana di -0,3% in 5 sedute (39% in rialzo; metà centrale da -4,7% a +1,5%), e di -0,4% in 20.
Variazioni del benchmark di ciascuna materia prima rispetto all'ultima chiusura prima dell'evento. Le letture storiche raggruppano eventi passati dello stesso tipo; descrivono ciò che è accaduto, non ciò che accadrà. Non è consulenza di investimento.
A 5.1% GDT drop on weaker North Asian demand (WMP, SMP lower) signaled softer global dairy demand and added bearish sentiment to US futures.
The 5.1% GDT drop on weaker North Asian demand weakened the export-price outlook and added to the bearish sentiment in US dairy futures.
The 5.1% GDT drop on weaker North Asia demand (WMP -7.5%, SMP -4.6%) signaled softer global dairy demand and added bearish sentiment, though it came on the same day as the move so was partly reinforcing.
