# Downward trend continues at today's GDT auction - Agriland.ie

> The Global Dairy Trade auction price index fell 3.4% in the latest event, the fourth consecutive decline. Rennet casein dropped 12.6%, butter fell 5.9%, skim milk powder dropped 6.5%, and whole milk powder fell 2.7%.

- Date: 2017-11-21 · published 2017-11-21T12:00:00.000Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/9919-downward-trend-continues-at-today-s-gdt-auction-agriland-ie
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Falling global dairy product prices signal weaker international demand and cheaper imports, which pressures prices for dairy ingredients used in feed.

## Read by commodity

- MILK: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2017-11-29 | 5 | -9.4% | -3.5 | The fourth straight GDT decline (butter, SMP, casein all down) signals weak global dairy demand and export competition, pressuring US dairy prices and sentiment ahead of the window. |

## Sources

- agriland.ie: https://www.agriland.ie/farming-news/downward-trend-continues-at-todays-gdt-auction/

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