Global Dairy Trade Results Update – 11/17/20
Executive Summary Dairy product prices increased during the GDT event held Nov 17th. Highlights from the most recent auction include:
- The GDT Price Index increased 1.8% at the Nov 17th event, finishing higher for the fourth time in the past five auctions.
- Increases in prices within the Nov 17th event were led by anhydrous milkfat, followed by skim milk powder, whole milk powder and butter. Whole milk powder and skim milk powder prices each rebounded from two month low levels experienced throughout the previous auction while butter prices rebounded to a six month high level. Cheddar cheese prices declined for the second consecutive auction throughout the Nov 17th event.
- Total quantities sold for all products at the Nov 17th event remained lower on a YOY basis for the ninth consecutive auction, finishing down 7.0%.