# Dairy markets: GDT continues price rally at latest auction -  Premium

> The GDT index rose about 1% at the latest auction, led by skim milk powder up nearly 3% to $2,580 per tonne, with butter and cheddar also higher. Whole milk powder was roughly flat near $3,000 per tonne. European spot SMP firmed near €2,000 per tonne.

- Date: 2019-02-20 · published 2019-02-20T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/9989-dairy-markets-gdt-continues-price-rally-at-latest-auction-premium
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Recovering SMP prices after EU intervention stock clearance support powder values across the dairy complex. European butter easing toward world prices limits upside in fats.

## Read by commodity

- MILK: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2019-02-27 | 5 | +9.3% | 3.5 | GDT auction gains led by skim milk powder and butter/cheddar signal firm global demand and supported US dairy price sentiment. |

## Sources

- farmersjournal.ie: https://www.farmersjournal.ie/linkedarticle-442652

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