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The Global Dairy Trade price index rose 3% at its latest auction, its strongest auction-to-auction gain since February. Whole milk powder rose 5.9% and skimmed milk powder rose 3.1% to its highest GDT level since June 2022, while cheddar and mozzarella also climbed.
Butter and anhydrous milk fat prices fell.
Stronger powder and cheese demand supports New Zealand farmgate milk price expectations and firms global dairy protein values. The move is a routine auction result, so its effect on feed demand is modest.
dairybusinessmea.comMercyNov 5, 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.
