The latest Global Dairy Trade (GDT) auction came in essentially unchanged after five consecutive gains, but the underlying story tells a more nuanced tale. Skim milk powder jumped more than 5%, butter rose over 2% and mozzarella edged higher, while whole milk powder fell about 4%, pulling the overall index flat. In this week’s GDT Tuesday discussion, Cody Koster and Brian Fletcher break down the key drivers behind the results—including Mexico’s sharp increase in buying activity, shifting regional demand, and continued price divergence between global suppliers.
With US nonfat dry milk trading well above competing global supplies, buyers like Mexico appear to be sourcing cheaper alternatives through GDT. They also examine subdued buying from North Asia, the impact of a major dairy ingredients conference in China, and why US cheese may remain highly competitive in export markets as European prices continue to run higher.
Questions or comments?
Contact Jon at jcs@Ever.Ag, Cody at cjk@ever.ag, or give us a call at (312) 492-4200.
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