# Fall in prices at the first Global Dairy Trade auction of 2017 - Agriland.ie

> The first GDT auction of 2017 saw prices fall 3.9%, with whole milk powder down 7.7% and skim milk powder up 2.3%. Irish co-ops are expected to raise milk prices after EU milk output fell significantly.

- Date: 2017-01-03 · published 2017-01-03T12:00:00.000Z
- Category: market · region Europe · magnitude low
- Page: https://feedsoft.ai/events/11541-fall-in-prices-at-the-first-global-dairy-trade-auction-of-2017-agriland-ie
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

A steep EU milk output drop after culling supports European dairy prices, which partly offsets the global auction decline.

## Read by commodity

- MILK: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2017-01-06 | 1 | -4.5% | -3.2 | The first GDT auction of 2017 fell 3.9% with whole milk powder down 7.7%, a sentiment and global price signal that likely weighed on US Class III futures. |

## Sources

- agriland.co.uk: https://www.agriland.co.uk/farming-news/fall-in-prices-at-the-first-global-dairy-trade-auction-of-2017/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.