# Lee Mielke: GDT auction down slightly | Capital Press

> Global Dairy Trade's weighted average slipped 0.4% at the August 3 auction, led by a 1.5% drop in anhydrous milkfat, with sellers offering 87.5 million pounds. CME cheddar blocks hit a 2019 high of $1.93 per pound in late August.

- Date: 2019-09-03 · published 2019-09-03T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/57062-lee-mielke-gdt-auction-down-slightly-capital-press
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Modest global dairy price softness and firm US cheese values give mixed signals for milk returns and dairy feed demand.

## Read by commodity

- MILK: neutral

## Sources

- capitalpress.com: https://capitalpress.com/2019/09/03/lee-mielke-gdt-auction-down-slightly/

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