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The GDT index rose 6.7% in the February auction, the largest single-event rise since March 2021, with results delayed six hours by a platform problem. SMP and mozzarella rose 10.6%, and the cumulative gain since January reached about 15%.
The GDT rally restores lost value and supports New Zealand milk price forecasts, which may encourage higher milk output and firmer dairy ingredient prices.
farmersweekly.co.nzHugh StringlemanFeb 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 largest single-event GDT gain since 2021, which was delayed by a platform problem, was a strong bullish sentiment shock that likely spilled into US milk futures.
