News

Global Dairy Trade index drops 1.5% Tuesday

After a 3.2% gain earlier this month, the Global Dairy Index fell 1.5% in Tuesday’s trade.

Butter and Cheddar cheese prices were up, but powder and anhydrous milk fat prices fell.

Butter was up 3.8% to $4,922 a metric ton or $2.23 per pound.

Cheddar cheese prices were up 1.5% to $5,086 a ton or $2.30 per pound.

Whole milk powder fell 2% to $3,264 a ton or $1.48 per pound.

Skim milk powder was down 2.4% to $2,769 a ton or $1.25 per pound.

Anhydrous milk fat prices fell 2.6% to $5,447 a ton or $2.47 per pound.

Buttermilk powder, lactose, and sweet whey powder were not traded at Tuesday’s event.

Overall, 158 bidders participated Tuesday and 30,693 metric tons of dairy products were sold.