Tridge summary
The Global Dairy Trade index experienced a decline of 0.9% in its latest trade, dropping the average price of dairy products to $3,488 per metric ton. Despite increases in butter and whole milk powder, the trade offset these gains with decreases in Anhydrous milk fat, Cheddar cheese, and skim milk powder. Butter prices rose by 2.2% to $5,068 per metric ton, and whole milk powder increased by 0.3% to $3,244 per metric ton. However, Anhydrous milk fat prices fell by 4.5% to $4,600 per ton, Cheddar cheese prices decreased by 3.4% to $4,407 a ton, and skim milk powder prices dropped by 1.6% to $2,766 per ton. No trading took place for butter milk powder, lactose, or sweet whey powder in the given trade.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
The Global Dairy Trade index fell almost a full percentage point in Tuesday’s trading action. After two straight gains in late April and early May, the index dropped 0.9% to an average price of $3,488 per metric ton of dairy products. Increases in butter and whole milk powder were offset by losses in Anhydrous milk fat, Cheddar cheese, and skim milk powder. Butter prices were up 2.2% to $5,068 per metric ton, or $2.29 per pound. Whole milk powder was up 0.3% to $3,244 per metric ton or $1.47 per pound. Anhydrous milk fat was down 4.5% to $4,600 per ton or 2.08 per pound. Cheddar cheese prices fell 3.4% to $4,407 a ton or $1.99 per pound. Skim milk powder was down ...
Source: Brownfield Ag
Would you like more in-depth insights?
Gain access to detailed market analysis tailored to your business needs.
Related market data
What to read next
Read more relevant content
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.