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The GDT price index fell 2.6% at the July 1, 2025 auction, with nearly all products lower. Butter on an 82% basis fell 4.7% to about $3.41, and AMF dropped about 4.8%.
The analysts note global butter still trades at a premium to US butter.
Broad declines in global dairy product prices signal weaker export returns and pressure on milk prices. The premium over US butter could support export demand.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.