Cheese wedges.
March 21, 2017

World Dairy Prices Mixed on Today’s GDT Auction

 |  By: Jim Dickrell

While the composite price of the eight dairy commodities traded on the Global Dairy Trade (GDT) auction today was up 1.7%, the truth is that the market is mixed.

Butter was up 4.9% to $2.23/lb and whole milk powder gained 2.9% to $1.30. But Cheddar cheese slipped back a percentage point to $1.55/lb, and skim milk powder dropped 10.1%, to 88¢/lb. Total quantity was also just 22,498 metric tons.

Though not directly comparable because of product make-up, butter on the Chicago Mercantile Exchange is trading at $2.13/lb and cheddar barrels are at $1.36. Skim milk powder on the CME is 81¢lb.  That means U.S. dairy commodities are all pretty much in a favorable, competitive position for export sales.

Read all the results from today’s GDT auction here.


This block is broken or missing. You may be missing content or you might need to enable the original module.