# Northwest Iowa Dairy Outlook • Iowa State University Extension and Outreach

> The Global Dairy Trade auction event 280 closed with its price index down 3.8%, with WMP down 6.2% and butter down 2.8% while AMF rose 3.7%. Iowa State's dairy outlook also republished the March WASDE note that corn and soy supply and use were mostly unchanged.

- Date: 2021-03-17 · published 2021-03-17T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/48119-northwest-iowa-dairy-outlook-iowa-state-university-extension-and-outreach
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

A lower GDT index signals softer global dairy export prices, which can weigh on milk prices and dairy-based feed demand. The effect on feed ingredients is indirect.

## Read by commodity

- MILK: bearish ▼

## Sources

- blogs.extension.iastate.edu: https://blogs.extension.iastate.edu/nwiadairyoutlook/2021/03/

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