News

Global Dairy Trade index falls in Tuesday’s trade

The Global Dairy Trade index has fallen for the eighth consecutive auction.  Tuesday’s trading event index fell 1% to an average price of $3,784 a metric ton.

Prices for anhydrous milk fat, butter, cheddar cheese, and skim milk powder rose while buttermilk powder, sweet whey powder, lactose, and whole milk powder prices fell.

Anhydrous milkfat was up 1.3% to $5,668 a metric ton, or $2.62 per pound.

Butter closed up 3.8% at $4,589 a ton, or $2.89 per pound.

Buttermilk powder was down 8% selling for $3,246 a ton, or $1.52 per pound.

Cheddar cheese was up 0.7% closing at $4,065 a ton, or $1.93 per pound.

Lactose was down 3.1% to $1,094 a ton, or $.49 per pound.

Skim milk powder gained 1.5% to $3,020 a ton, or $1.36 per pound.

Whole milk powder prices dropped 3.8% to $3,598 a ton, or $1.69 per pound.

Sweet whey powder was not offered during this GDT trading event.