News
Global Dairy Trade index rebounds Tuesday
After two straight trading sessions with significant price drops, the Global Dairy Trade index has rebounded. The index rose 2.8% in Tuesday’s trading session to an average of $3,558 per metric ton.
Only lactose and buttermilk powder lost ground Tuesday. Buttermilk powder fell 0.5% to $2,496 per metric ton or $1.13 per pound. Lactose was down 3.1% to $753 per metric ton or $0.34 per pound.
Cheddar cheese made the biggest gain, up 4.1% to $4,340 per metric ton or $1.96 per pound.
Whole milk powder was up 3.4% to $3,246 per ton or $1.47 per pound.
Butter rose 3.1% to $6,592 per metric ton or $2.99 per pound.
Anhydrous milk fat was up 2.3% to $6,934 per metric ton or $3.14 per pound.
Skim milk powder prices rose 1.4% to $2,550 per metric ton or $1.15 per pound.
There were 108 winning bidders out of 168 participants in Tuesday’s auction. A total of 18,737 metric tons of dairy products were sold in 21 rounds of bidding.
