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The GDT index rose 6.7% in the February 3 auction, led by whole milk powder up 5.3% and skim milk powder up 10.6%. Every product on offer recorded a price increase, with 24,034 MT sold.
Broad gains in powders and fats lift New Zealand farmgate milk price expectations and global dairy ingredient values, supporting dairy-based feed costs.
en.edairynews.comDamián MoraisFeb 4, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
The Feb 3 GDT auction, with every product up and SMP up 10.6%, signaled stronger global dairy demand and fed through to US Class III futures on Feb 3-4.
