# Global Dairy Trade Event 353 concluded with the GDT Price Index up 2.8% • Northwest Iowa Dairy Outlook • Iowa State University Extension and Outreach

> Global Dairy Trade Event 353 closed with its price index up 2.8%. Cheddar rose 4.1%, butter 3.1%, whole milk powder 3.4%, skim milk powder 1.4% and anhydrous milk fat 2.3%, while buttermilk powder and lactose-related products fell.

- Date: 2024-04-02 · published 2024-04-02T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/30740-global-dairy-trade-event-353-concluded-with-the-gdt-price-index-up-2-8
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Higher GDT prices for powders and cheese support global dairy export values and can firm US and EU milk prices. The gain is a single auction result and may not hold.

## Read by commodity

- MILK: bullish ▲

## Sources

- blogs.extension.iastate.edu: https://blogs.extension.iastate.edu/nwiadairyoutlook/2024/04/02/global-dairy-trade-event-353-concluded-with-the-gdt-price-index-up-2-8/

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