The USDA released their June milk production report on Friday revealing a 1.2% increase in the month of June, over last June.
Event 216 of the Global Dairy Trade took place on Tuesday and resulted in the overall index sliding 1.7%.
CME spot dairy product markets produced small changes.
Traders have turned cautious after getting burned too many times from market fluctuations.
Dairy producers have grown accustomed to downturns in the marketplace. This time feels worse than others.
The real rewards of the export market will come when U.S. processors start to meet the nuanced needs of specific customers.