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June 19, 2018

Global Dairy Prices Soften—Again

 |  By: Jim Dickrell

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.

 

U.S. dairy prices, with the exception of whole milk powder, remain competitive on the global stage. That is, of course, if you don’t factor in tariffs U.S. exports face in Mexico and China.

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