Global Dairy Trade prices moved higher for the second auction in a row, with the overall index up 1.5%. In this episode of GDT Review, Ever.Ag’s Cody Koster and Jon Spainhour break down the key movers—from strong gains in AMF and butter to softness in cheese prices—and what those signals mean for US competitiveness in global export markets.

The conversation digs into price spreads between the US, EU, and New Zealand, the outsized impact of Middle Eastern buying amid seasonally declining volumes, and why rising prices may be more about short-term bounces than a true shift in fundamentals. With global milk production still strong across the major dairy exporters, the team expects supply to remain the defining force shaping dairy markets heading into February.

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