A “hint of conservativeness” can be detected in Fonterra’s updated forecast on the farmgate milk price last week, says ASB’s senior rural economist Nathan Penny.

The Global Dairy Trade (GDT) auction has broken its run of consecutive price drops.

Dairy prices have fallen for the fourth straight auction.

Fonterra's forecast milk price of $6.75/kgMS is looking shaky, bank economists agree.

Dairy prices have fallen for the third successive Global Dairy Trade auction.

Global Dairy Trade (GDT) star performer, butter enjoyed another strong jump in prices overnight.

Global dairy prices are continuing their merry run with the Global Dairy Trade (GDT) price index rising for the fifth consecutive auction.

After four successive price increases, global dairy prices dipped slightly in Global Dairy Trade auction overnight.

The Global Dairy Trade price index was up 6.6% overnight, with the all-important whole milk powder up 9.9%.

Feds dairy chairman Andrew Hoggard says the Global Dairy Trade (GDT) auction needs some CPR to shock it back into life.