News

Global Dairy Trade index up Tuesday

Dairy
United States
Market & Price Trends
Published Dec 20, 2023

Tridge summary

The Global Dairy Trade index rose 2.3% in the last trading session of the year with an average price of $3,388 dollars per metric ton and 108 winning bidders. 27,379 metric tons of dairy products were sold, with the biggest gain in the butter market, which was up 9.9% at $5,458 per metric ton. Other notable increases included cheddar cheese up 6.9% and whole milk powder up 2.9%, while mozzarella cheese and skim milk powder experienced slight decreases.
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 2.3% in the last trading session of the year Tuesday. The average price was $3,388 dollars per metric ton with 108 winning bidders in 20 rounds of trading. 27,379 metric tons of dairy products were sold in Tuesday’s event. The biggest gain was in the butter market, which was up 9.9% at $5,458 per metric ton, or $2.47 per pound. Cheddar cheese was up 6.9% at $4,265 a metric ton, or $1.93 per pound. Whole milk powder rose 2.9% to $3,207 per metric ton, or $1.45 per pound. Anhydrous milk fat was up two-tenths of a percent at $5,578 per metric ton or $2.53 per pound. Mozzarella cheese, which was new to the GDT platform two weeks ago, was down 1.1% at ...
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