Laden…
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 aug 2020Na 49 eerdere neerwaarts handel-gebeurtenissen bewoog Melk (Class III) zich mediaan -0,3% over 5 sessies (39% hoger; middelste helft -4,7% tot +1,5%), en -0,4% over 20.
Bewegingen van de benchmark van elke grondstof sinds de laatste slotkoers vóór de gebeurtenis. Historische waarden bundelen eerdere gebeurtenissen van hetzelfde soort; ze beschrijven wat er gebeurde, niet wat zal gebeuren. Geen beleggingsadvies.
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.
