# UDEU Analytics: GDT 414 price trends — dairy fats fall for a ninth straight auction as milk powder prices rise

> 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%.

- Date: 2026-10-21 · published 2026-10-21T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/17119-udeu-analytics-gdt-414-price-trends-dairy-fats-fall-for-a-ninth-straight
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

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.

## Read by commodity

- MILK: neutral

## Sources

- uadairy.org: https://uadairy.org/en/udeu-analytics-gdt-414-price-trends/

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