# Mielke: GDT price fall continues | Capital Press

> Global Dairy Trade prices fell 2.9% at the February 18 auction after a 4.7% drop on February 4, with anhydrous milkfat down 5.5% and skim and whole milk powder down 2.6%. Traders cite concerns over the coronavirus outbreak, and China opened applications for tariff exemptions on 696 US products including soybeans and pork.

- Date: 2020-02-18 · published 2020-02-18T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/54737-mielke-gdt-price-fall-continues-capital-press
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Continued dairy price weakness reduces returns for dairy feeders, while China's tariff exemptions could support US soybean export demand and prices.

## Read by commodity

- SOY: bullish ▲
- MILK: bearish ▼

## Sources

- capitalpress.com: https://capitalpress.com/2020/02/18/mielke-gdt-price-fall-continues/

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