# Lee Mielke: GDT auction prices rebound | Capital Press

> The Global Dairy Trade auction rose 2.7% on July 16, ending four straight declines, with skim milk powder up 3.8% and whole milk powder up 3.6%. Sellers offered 55.1 million pounds, the most since February.

- Date: 2019-07-16 · published 2019-07-16T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/58080-lee-mielke-gdt-auction-prices-rebound-capital-press
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

A rebound in global dairy prices supports US milk and dairy export values, though the gain is modest and volumes are large enough to limit further upside.

## Read by commodity

- MILK: bullish ▲

## Sources

- capitalpress.com: https://capitalpress.com/2019/07/16/lee-mielke-gdt-auction-prices-rebound/

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