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Global Dairy Trade index down again
The Global Dairy Trade index fell 1.7% Tuesday. The average price was $3,222 per metric ton. A total of 126 bidders bought more than 25-thousand metric tons of dairy products.
The skim milk powder and whole milk powder index went up while all other product prices fell.
Whole milk powder gained 1.5% to $2,973 a metric ton, or $1.34 per pound. Skim milk powder went up 0.8% to $1,959 a metric ton or $0.88 per pound.
Butter was down 8.1% to $4,953 per pound or $2.24 per pound. Cheddar cheese was down 3.3% to $3,596 per metric ton or $1.63 per pound. The indexes for casein and anhydrous milk fat also fell in Tuesday’s trade.
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