# Global Dairy Trade Event 343 concluded with the GDT Price Index down 0.7 Percent • Northwest Iowa Dairy Outlook • Iowa State University Extension and Outreach

> Global Dairy Trade Event 343 closed with the GDT Price Index down 0.7%. Within the index, AMF rose 3.1%, butter fell 1.6%, cheddar rose 4.5%, SMP rose 2.3%, and WMP fell 2.7%.

- Date: 2023-11-08 · published 2023-11-08T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/33183-global-dairy-trade-event-343-concluded-with-the-gdt-price-index-down-0-7
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

A slight GDT decline with mixed component moves signals steady-to-soft global dairy prices, limiting upside for US milk and dairy-based feed demand.

## Read by commodity

- MILK: neutral

## Sources

- blogs.extension.iastate.edu: https://blogs.extension.iastate.edu/nwiadairyoutlook/2023/11/08/global-dairy-trade-event-343-concluded-with-the-gdt-price-index-down-0-7-percent/

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