# Global Dairy Trade Event 317 concluded with the GDT Price Index down 3.5% • Northwest Iowa Dairy Outlook • Iowa State University Extension and Outreach

> Global Dairy Trade Event 317 saw the GDT Price Index fall 3.5%, with butter down 7.0%, skim milk powder down 1.6%, cheddar down 3.8% and whole milk powder down 4.0%. The results were published on October 4, 2022.

- Date: 2022-10-04 · published 2022-10-04T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/39147-global-dairy-trade-event-317-concluded-with-the-gdt-price-index-down-3-5
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Lower international dairy auction prices signal weaker export demand and pressure on global dairy values, which can weigh on US milk prices.

## Read by commodity

- MILK: bearish ▼

## Sources

- blogs.extension.iastate.edu: https://blogs.extension.iastate.edu/nwiadairyoutlook/2022/10/04/global-dairy-trade-event-317-concluded-with-the-gdt-price-index-down-3-5/

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