Global dairy prices fell 4.9% over the week, marking the biggest decline in two years, as output in major milk-producing regions rose sharply year on year, excluding China. Prices broadly weakened across whole milk powder (WMP), skim milk powder (SMP), anhydrous milk fat, butter and cheddar, with cheddar down more than 12.3%. Buttermilk powder and mozzarella posted modest gains, but the overall picture pointed to clear oversupply pressure. The move is set to feed directly into dairy commodity pricing as a tradable spot supply-demand shock.

ASX-listed CDC Data Centres is bidding for Anthropic’s 1.4GW, $25.8b AI data centre tender in Australia, with potential for a 500MW award. CDC’s independent valuation rose 23.6% to A$18.5b in June, lifting the value of Infratil’s 49.7% stake to A$9.2b. CDC has also secured a separate 555MW, 30-year contract.