Dairy Industry Professionals –
Please view a snapshot of the latest GDT results below. HighGround Dairy will publish our comprehensive analysis of the auction results to our subscribers after we take an in-depth look at the data. This week’s GDT set an all-time record for trading rounds at 22. The previous record was 21 rounds back on 20 June.
HIGHGROUND’S INITIAL TAKE on today’s GDT:
BULLISH: WMP, Cheese, Casein
vs. NZX & General Market Expectations
Note: Fonterra C2 UHT SMP was reported at $3,220MT, a $1,315 premium to Medium Heat SMP ($1,905MT), which is an almost unfathomable spread. Reasons for that result are either multiple buyers desperate to obtain that specific Fonterra spec or a technical glitch. HighGround will provide more detail on today’s strange results in our comprehensive analysis.
(“n.a.” for the winning price means that no prices were available for that contract period and therefore no average price was applicable.)