Global Dairy Prices Soften—Again
For the second consecutive trading session, dairy prices on the Global Dairy Trade (GDT) auction softened. Today, prices were down 1.2% in the aggregate on a very modest trading volume of 21,634 metric tons.
Butter was the only bright spot, up 0.8% to $2.55/lb. But cheese dipped 3.6% to $1.75/lb. Skim milk powder was down 1.1% to 91¢/lb, and whole milk powder was down 1% to $1.45/lb.