# GDT’s 6.7% Rally, $14.59 Class III: Head-Fake? Your Call Before April | The Bullvine

> Global Dairy Trade index rose 6.7% on February 3, with SMP up 10.6%, but US Class III milk futures remain around $14.59, the lowest since July 2023. US milk output is running about 4.6% above last year, and New Zealand and EU collections are also rising.

- Date: 2026-02-05 · published 2026-02-05T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/6649-gdt-s-6-7-rally-14-59-class-iii-head-fake-your-call-before-april-the-bullvine
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Seasonal buying from China, the Middle East and Algeria may mask an ongoing supply surplus, so the rally may not hold and dairy-based feed ingredients may not sustain gains.

## Read by commodity

- MILK: neutral

## Sources

- thebullvine.com: https://www.thebullvine.com/news/gdts-6-7-rally-14-59-class-iii-head-fake-your-call-before-april/

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