# Feeble result for dairy commodity prices overnight

> The Global Dairy Trade price index eased 0.6% at the latest auction. Whole milk powder and anhydrous milk fat fell, while skim milk powder jumped 5.5% to an average of US$2051 per tonne on short New Zealand supply.

- Date: 2018-03-06 · published 2018-03-06T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/65996-feeble-result-for-dairy-commodity-prices-overnight
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Weak whole milk powder and butter results point to soft global dairy pricing, while strength in SMP reflects tight supply in certain markets.

## Read by commodity

- MILK: bearish ▼

## Sources

- farmersweekly.co.nz: https://www.farmersweekly.co.nz/news/feeble-result-for-dairy-commodity-prices-overnight/

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