News

Global Dairy Trade index falls Tuesday

The Global Dairy Trade index fell for a third straight session, falling 5% in Tuesday’s trade.

The powder market took the biggest fall in value, as skim milk powder fell 8.6% to $3,709 per metric ton or $1.68 per pound.  Whole milk powder fell 5.1% to $3,757 a metric ton, or $1.70 per pound. 

The butter market price fell 2.1% to $5,530 a ton or $2.50 per pound.

Anhydrous milk fat was down 2.1% to $5,580 per ton or $2.53 per pound.

Cheddar cheese prices fell 2% to $4,825 per ton or $2.18 per pound.

There were no offers to sell butter milk powder, sweet whey powder, or lactose in Tuesday’s sale.

Overall, 149 bidders purchased 23,219 metric tons of dairy products in the Tuesday GDT session.