# World Dairy Prices Up and Farting Cows - AG INFORMATION NETWORK OF THE WEST

> Aggregate prices at New Zealand's Global Dairy Trade auction rose 0.9%, marking the sixth straight twice-monthly gain. Cheddar climbed 2.9% to $1.66/lb and skim milk powder rose 2.8% to $1.17/lb, its highest level in some time.

- Date: 2019-02-27 · published 2019-02-27T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/4492-world-dairy-prices-up-and-farting-cows-ag-information-network-of-the-west
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

A sustained run of gains at the GDT auction signals firmer global dairy export prices, which supports milk values and dairy-linked feed demand.

## Read by commodity

- MILK: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2019-02-27 | 5 | +9.3% | 3.5 | Sixth straight GDT gain with cheddar up 2.9% and SMP up 2.8% reinforces strong international dairy prices and export pull for US product. |
| MILK | 2019-02-27 | 1 | +9.8% | 11.4 | The Feb 27 GDT auction gain (sixth straight, with cheddar up 2.9% and SMP up 2.8%) signals firmer global demand and trade-flow support for cheese and powder prices, a plausible sentiment driver on the move date. |

## Sources

- aginfo.net: https://www.aginfo.net/report/42168/The-Agribusiness-Update/World-Dairy-Prices-Up-and-Farting-Cows

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