# Global Dairy Trade Holds Steady

> The Global Dairy Trade auction showed little movement, with SMP up 1.1%, WMP up 3.0%, cheddar down 2.8% and butter roughly flat. Milk output in Europe was mixed in September, with Germany down 1.8% and the Netherlands down 2.6% while France rose 3.2%.

- Date: 2024-11-19 · published 2024-11-19T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/27404-global-dairy-trade-holds-steady
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

The mixed auction and uneven European output leave dairy prices without a clear direction, so the impact on milk prices is limited.

## Read by commodity

- MILK: neutral

## Sources

- dairyherd.com: https://www.dairyherd.com/markets/milk-prices/global-dairy-trade-holds-steady

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