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Global Dairy Trade hold steady

The Global Dairy Trade auction on Tuesday, September 16 held steady with an average winning price of $2,795. Even unchanged on the week, the index, at 822, is at its lowest level since August 1, 2012. That’s with 191 participating bidders and 50,801 loads sold.

Anhydrous milk fat was down 2.2% at $3,264. Butter was 2.5% lower at $2,698. Butter milk powder dropped 6.9% to $3,140. Cheddar declined 6.5% to $3,077. Rennet casein was up 1.3% at $8,343. Skim milk powder was nine tenths of a percent higher at $2,619. Sweet whey powder held at $1,295. Whole milk powder was up six tenths of one percent to $2,692. Lactose was not offered.

Cash cheese was higher. Barrels were up 4.5 cents to $2.4050 per pound. Blocks were 2.5 higher at $2.3950. Both had last unfilled bids for one load at their respective closing prices. Double a butter was a quarter cent higher to $3.0025. There were 16 loads sold, 15 at $3 and 1 at $3.0050. The last bid unfilled was on two loads at $3 and the last offer uncovered was for one load at $3.0025. Grade a nonfat dry milk was down 1.25 at $1.3350. There were nine loads sold, with one at the closing price. There were three loads sold at $1.34 and three sold at $1.3450.

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