# Milk futures, GDT Index higher - Brownfield Ag News

> Class III milk futures were mostly higher on June 1, 2016, with contracts supported by an oversold bounce. The Global Dairy Trade index rose 3.4% at its latest auction to $2,329 per ton, led by butter milk powder and skim milk powder gains.

- Date: 2016-06-01 · published 2016-06-01T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/7543-milk-futures-gdt-index-higher-brownfield-ag-news
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

The GDT rise, the fourth increase in five auctions, suggests firming global dairy demand that supports US milk futures and dairy feed ingredient values.

## Read by commodity

- MILK: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2016-06-03 | 1 | +3.1% | 4.2 | Class III futures rose on an oversold bounce and a 3.4% GDT index gain, which signaled stronger global dairy demand and sentiment support. |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/milk-futures-gdt-index-higher/

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