# GDT Review with Jon Spainhour - August 1, 2023 -

> The GDT price index fell 0.3% at the August 1 auction, below expectations and to its lowest level since September 2020. Analysts described July as a slow and weak month for the dairy industry.

- Date: 2023-08-01 · published 2023-08-01T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/4057-gdt-review-with-jon-spainhour-august-1-2023
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

A lower global auction index confirms weak international dairy demand and pressures export-linked milk prices. Feed buyers should expect a soft dairy complex in the near term.

## Read by commodity

- MILK: bearish ▼

## Sources

- insights.ever.ag: https://insights.ever.ag/2023/08/02/gdt-review-with-jon-spainhour-august-1-2023/

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