# Weekly Digest: GDT moves higher for first time in six months -  | Ag Proud

> The Global Dairy Trade index rose 2.2% at the December 4 auction, its first gain in six months, with skim milk powder, butter and whole milk powder higher and cheddar lower. US cull cow prices stayed near eight-year lows in October, averaging $57.80 per hundredweight.

- Date: 2018-12-06 · published 2018-12-06T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/5427-weekly-digest-gdt-moves-higher-for-first-time-in-six-months-ag-proud
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

A firmer GDT index suggests global dairy prices may be bottoming, which could support milk prices, while low cull cow values keep beef supply heavy.

## Read by commodity

- MILK: bullish ▲

## Sources

- agproud.com: https://www.agproud.com/articles/21342-weekly-digest-gdt-moves-higher-for-first-time-in-six-months

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