# Dairy markets shift to a softer pace

> Dairy commodity prices softened across most markets in the past week. The GDT Price Index fell 3.2% at the February 21 auction, led by whole milk powder. Fonterra lifted its season milk forecast from -7% to -5%, but January intakes were still 1.4% below the prior year.

- Date: 2017-02-27 · published 2017-02-27T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/5042-dairy-markets-shift-to-a-softer-pace
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Lower GDT results and weaker forward curves point to softer Oceania dairy export prices. Butter stays tight in Oceania, which limits the downside for that product.

## Read by commodity

- MILK: bearish ▼

## Sources

- farmersweekly.co.nz: https://www.farmersweekly.co.nz/news/dairy-markets-shift-to-a-softer-pace/

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