# GDT Review with Jon Spainhour - November 5, 2024 -

> The Global Dairy Trade auction on November 5, 2024 rose sharply, with whole milk powder up about 0.5% and the index up 3.8%. Prices came in slightly above futures expectations. The GDT was delayed by a week, so the auction was held in the third week rather than the usual alternate week.

- Date: 2024-11-05 · published 2024-11-05T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/8630-gdt-review-with-jon-spainhour-november-5-2024
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

A strong GDT result supports global dairy export prices and suggests firmer demand for milk powder, which can lift US and global milk price expectations.

## Read by commodity

- MILK: bullish ▲

## Sources

- insights.ever.ag: https://insights.ever.ag/2024/11/05/gdt-review-with-jon-spainhour-november-5-2024/

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