# GDT index down, CME milk futures fall Tuesday - Brownfield Ag News

> The Global Dairy Trade index fell 0.5 percent at Tuesday's auction, its first overall decline since September, with anhydrous milk fat and butter down while whole milk powder and skim milk powder were mixed to higher. CME Class III milk futures also slipped, with December at $19.34 per cwt.

- Date: 2019-12-03 · published 2019-12-03T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/6368-gdt-index-down-cme-milk-futures-fall-tuesday-brownfield-ag-news
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Weaker fat prices at the GDT auction and softer Class III futures point to somewhat lower dairy ingredient values for feed buyers, though the decline was small.

## Read by commodity

- MILK: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2019-12-04 | 1 | -5.2% | -5.1 | GDT fell 0.5% on 2019-12-03 with butter and milk fat weaker, and CME Class III futures slipped that day, signaling softer global demand and sentiment ahead of the 12-04 drop. |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/gdt-index-down-cme-milk-futures-fall/

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