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At GDT auction 414, the overall index rose 2.5% to $4,020 per tonne, its biggest gain since March. Skim milk powder rose 3.4% and whole milk powder 4.4%, while butter fell for a ninth straight auction and cheddar dropped 7.4%.
Strong powder gains lift global protein prices and support US dry dairy values, while continued fat and cheddar declines keep pressure on butter and cheese returns.
uadairy.orgOct 21, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
