Global Dairy Trade index up slightly Tuesday
The Global Dairy Index was slightly higher following Tuesday’s trade. The index was up 0.3% with an average price of $3,827 dollars per metric ton. It’s the first time since April 21st the index has risen, with 180 bidders buying a total of 22,543 tons of dairy products.
Butter, Anhydrous milk fat, Cheddar cheese, and skim milk powder all saw gains in value, while Lactose held steady and whole milk powder values fell.
Whole milk powder was down 1.5% at $3,552 dollars a metric ton, or $1.61 a pound. Lactose held steady at $1,097 a ton or $.49 per pound. Skim milk powder closed at $3,052 per ton or $1.38 per pound. Anhydrous milk fat was up 1.5% to $5,792 a ton or $2.62 per pound. Cheddar cheese closed up 2.8% to $4,184 per ton or $1.89 per pound. Butter had the biggest gain Tuesday closing up 4% to $4,771 a ton or $2.16 per pound.