» When Down Is Up

When down is up

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Today's globalDairyTrade was down by 1.6% on the trade weighted index - individual products were winners and losers.  Whole Milk Powder and Skim Milk Powder were down but AMF (Anhyrous Milk Fat) was up.

Although the pricing was down, gDT did continue with an upward sloping price curve; that is product for sale in June to August 2012 is selling for more than product supplied in February. 

That's a sign that there is some strength with dairy commodity markets.