Ag Smarter - GDT Review: GDT Surges Again: Powders Converge, Mexico Steps Up, and Cheese Finds an Export Floor

The Global Dairy Trade index climbed another 5.7%, marking the fifth consecutive higher auction. Mozzarella jumped 8% to $1.90, butter and AMF posted solid gains, and skim milk powder surged over 9%—but regional buying shifts tell the deeper story.With US nonfat prices previously outpacing global markets, Mexico emerged as a key buyer on the GDT scene. Southeast Asia stepped back, suggesting international price convergence. Is CME powder running out of momentum? Will Mexico remain the swing buyer?Meanwhile, EU mozzarella prices rose to levels that put CME cheese prices within export contention. With heavy US milk and cheese production, global sales are critical to keeping the US cheese market balanced.Cody and Jon break down the numbers, the nuance, and what to watch heading into the next GDT._Disclaimer: TRADING FUTURES AND OPTIONS ON FUTURES INVOLVES SIGNIFICANT RISK OF LOSS AND MAY NOT BE SUITABLE FOR EVERYONE. THEREFORE, CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. PAST RESULTS ARE NOT INDICATIVE OF FUTURE RESULTS. THE INFORMATION AND COMMENTS CONTAINED HEREIN ARE PROVIDED BY EVER.AG AS GENERAL COMMENTARY OF MARKET CONDITIONS. THIS INFORMATION SHOULD NOT BE INTERPRETED AS TRADING ADVICE OR RECOMMENDATION WITHOUT FURTHER DISCUSSION WITH YOUR EVER.AG ADVISOR. THIS IS A MATTER OF SOLICITATION.EVER.AG INSURANCE SERVICES IS A LICENSED INSURANCE AGENCY AND AN AFFILIATE OF EVER.AG. INFORMATION CONTAINED HEREIN IN THIS WEBSITE IS COMPILED FOR THE CONVENIENCE OF THE USER. INFORMATION IS OBTAINED FROM SOURCES BELIEVED TO BE RELIABLE AND IS FURNISHED WITHOUT RESPONSIBILITY FOR ACCURACY OR CONTENT. MARKET DATA IS SUBJECT TO CHANGE AT ANY TIME. Ever.Ag is a licensed insurance agency in the following states: AZ, CA, CO, CT, FL, GA, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MO, MT, NE, NV, NH, NM, NY, NC, ND, OK, OH, OR, PA, RI, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY.--The following music was used for this media project:Music: Funky Intro 29 by TaigaSoundProdFree download: https://filmmusic.io/song/9520-funky-intro-29License (CC BY 4.0): https://filmmusic.io/standard-licenseArtist website: https://linktr.ee/taigasoundprod© Ever.Ag 2026, confidential and proprietary.