Here is Tim Newton in our latest edition of the Inside Track, unpacking a 4.1% drop in the GDT index, driven by softer pricing across most commodities. Whole milk powder fell 5.1% amid strong late-season NZ supply, while skim posted a smaller-than-expected drop. Fats and cheddar alsoeased, with notable price gaps between prompt and peak contract periods. Tim also touches on upcoming tariff impacts and rising competition for milk as thenew season kicks off.

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