News

Global Dairy Trade index down Tuesday

The Global Trading Index fell by seven-tenths of a percent in Tuesday’s trading session. Gains in Cheddar cheese, butter milk powder, anhydrous milk fat, skim milk powder, and lactose were offset by losses in butter and whole milk powder.

Lactose was up 19.2% to $718 per metric ton, or $0.32 per pound.

Cheddar cheese was up 4.5% to $4,042 a metric ton, or $1.83 per pound. 

Butter milk powder prices were up 3.5% to $2,323 per metric ton or $1.05 per pound.

Anhydrous milk fat was up 3.1% to $5,489 per ton, or $2.48 per pound. 

Skim milk powder rose 2.3% to $2,724 per metric ton, or $1.23 per pound.

Butter prices fell 1.6% to $4,890 per metric ton or $2.21 per pound. 

Whole milk powder was down 2.7% to $2,971 a ton, or $1.34 per pound. 

Tuesday’s trading event had eighteen rounds with 114 winning bidders buying 34,514 metric tons of dairy products.