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GDT overall price moves higher

GDT logoGlobal Dairy Trade Auction today saw the overall price increase 1.4 percent from the October 1st sale.  Whole milk powder increased 3.1 percent, butter was up 3.9 percent, sweet whey powder was 4.3 percent higher and anhydrous milk fat jumped 7.4 percent.

Cheddar cheese declined 1 percent, skim milk powder was 3.6 percent lower, butter milk powder 3.8 percent lower and rennet casein declined 5.3 percent from two weeks ago.  No lactose offered once again.

Dairy producers around the globe, especially in Europe hope this is an indication the global market has bottomed-out.  The overall price had declined 15 of the last 16 sales since February leading to cuts in farm milk prices.

Read the full GDT report here:

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