News

Global Dairy Trade index up to start new year

Dairy
United States
Market & Price Trends
Published Jan 3, 2024

Tridge summary

The Global Dairy Trade index increased by 1.2% in the first trading session of the new year, marking the third consecutive rise in the index. The average price was $3,363 per metric ton, with whole milk powder values rising to $3,290 per metric ton and butter increasing to $5,514 per metric ton. Skim milk powder prices were down 0.9% to $2,613 per metric ton.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

The Global Dairy Trade index rose 1.2% in the first trading session of the new year Tuesday. It’s the third straight trading event with a rise in the index. The average price was $3,363 dollars per metric ton. Whole milk powder values rose 2.5% to $3,290 per metric ton or $1.49 per pound. Butter was up 2.1% to $5,514 per metric ton or $2.50 per pound. Anhydrous milk fat rose 0.2% to $5,595 per metric ton or $2.53 per pound. Mozzarella cheese held steady at $3,960 per metric ton or $1.79 per pound. Butter milk powder was down 0.1% to $2,384 per metric ton or $1.08 per pound. Skim milk powder prices were down 0.9% to $2,613 per metric ton or $1.18 per pound. Cheddar cheese was ...
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