News

Global Dairy Trade index drops Tuesday

The index of prices for the Global Dairy Trading platform fell 4.7% in Tuesday’s trading session.  It’s the fourth drop in a row and the sixth drop in the last eight trading sessions.

Anhydrous milk fat had the largest price loss, down 7.2% at $4,736 per metric ton or $2.14 per pound.

Whole milk powder was down 5.2% to $3,053 per metric ton or $1.38 per pound.

Butter was down 3.3% at $4,595 per ton or $1.38 per pound.

Buttermilk powder prices fell 3.3% to $2,529 per ton or $1.14 per pound.

Skim milk powder was down 2.5% at $2,579 per ton or $1.16 per pound.

The only product gaining in value Tuesday was Cheddar cheese, as prices were up 3.8% to $4,167 per ton or $1.89 per pound.

Lactose and sweet whey powder had no market activity.

There were 138 participating bidders with 117 winning bidders as 23,828 metric tons of dairy products were sold Tuesday.