# Global dairy auction offers some hope for milk prices in new year | Dairy | leadertelegram.com

> The GDT auction opened 2018 with a 2.2% rise in its weighted average, led by whole milk powder, on lower offerings from Fonterra. Butter and cheddar were mixed, and volume was the lowest since June 2017.

- Date: 2018-01-09 · published 2018-01-09T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/67125-global-dairy-auction-offers-some-hope-for-milk-prices-in-new-year-dairy
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

A modest global dairy auction rebound eases some pressure on milk prices, though Class III futures remain well below $16 per cwt.

## Read by commodity

- MILK: neutral

## Sources

- leadertelegram.com: https://www.leadertelegram.com/country-today/farm/dairy/global-dairy-auction-offers-some-hope-for-milk-prices-in-new-year/article_cecb54d1-6850-5136-9bf5-8478da6522e0.html

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