News

Global Dairy Trade index falls again

The Global Dairy Trade index fell 4.6% Tuesday as all dairy commodities lost value on the world market.  It’s the second straight decline in the index since a short-lived gain in September.

The powder market took the biggest fall.  Skim milk powder fell 6.9% to $3,250 a metric ton or $1.47 per pound.  Whole milk powder fell 4.4% to $3,421 per ton or $1.59 per pound.

Cheddar cheese prices dropped 3.9% to $4,769 a ton or $2.17 per pound.

Anhydrous milk fat dipped 2.7% to $5,661 a ton or $2.82 per pound.

Butter prices fell 2.6% to $4,851 a ton or $2.20 per pound.

Tuesday’s auction did not have any buttermilk powder or sweet whey powder offered, and Lactose had no recent comparison but had some trade Tuesday at $1,310 per ton or $0.59 per pound.

Tuesday’s Global Dairy Trade event had 146 participating bidders on 29,402 metric tons of dairy products.