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The Global Dairy Trade price index rose 3.0% at the semi-monthly auction on November 4, 2026, its third consecutive increase. Cheddar, mozzarella, skim milk powder and whole milk powder prices rose, while butter, anhydrous milkfat and buttermilk powder fell.
Rising GDT prices signal firmer global dairy export demand and supportive dairy product values, which can improve the outlook for dairy-based feed ingredients and milk prices.
Not 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.