# Global Dairy Trade Event 256 concluded with the GDT Price Index down 3.9 Percent • Northwest Iowa Dairy Outlook • Iowa State University Extension and Outreach

> Global Dairy Trade Event 256 closed with the GDT Price Index down 3.9%. Skim milk powder fell 8.1% and whole milk powder fell 4.2%, while cheddar rose 2.6% and butter rose 0.3%.

- Date: 2020-03-17 · published 2020-03-17T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/54150-global-dairy-trade-event-256-concluded-with-the-gdt-price-index-down-3-9
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Lower powder prices at the global auction signal softer international dairy demand and pressure on milk prices.

## Read by commodity

- MILK: bearish ▼

## Sources

- blogs.extension.iastate.edu: https://blogs.extension.iastate.edu/nwiadairyoutlook/2020/03/17/global-dairy-trade-event-256-concluded-with-the-gdt-price-index-down-3-9-percent/

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