# Mielke: Global dairy auction slips 1.7% | Capital Press

> The Global Dairy Trade auction weighted average fell 1.7% on August 18, after a 5.1% drop on August 4. Cheddar fell 3.6%, lactose fell 3.3%, and butter fell 2.0%. Only skim milk powder rose, up 1.1%.

- Date: 2020-08-18 · published 2020-08-18T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/51636-mielke-global-dairy-auction-slips-1-7-capital-press
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Continued declines at GDT signal softer global dairy export prices, which weigh on US milk prices and the value of dairy-linked feed ingredients.

## Read by commodity

- MILK: bearish ▼

## Sources

- capitalpress.com: https://capitalpress.com/2020/08/18/mielke-global-dairy-auction-slips-1-7/

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