Global Dairy Prices Slump

March 15, 2016 10:24 AM
 
Port

World dairy prices dipped 2.9% on the GlobalDairy Trade auction this morning, falling to $2,190 per metric ton. Just 20,406 metric tons sold on the auction today, the lowest level of trading since March 17, 2015.

Cheddar cheese dropped the most, dipping 5.6% to $1.11/lb. Butter was down 2.8% to $1.24/lb., and skim milk powder declined 2.5% to 79¢/lb. U.S. domestic prices are considerably higher for cheese and butter. Yesterday, cheddar closed at $1.44/lb. and butter closed at $1.94.  Skim milk powder on the Merc continues to trade below world prices, at 75¢lb.

View complete results here

 

Back to news


 

Comments

 
Spell Check

No comments have been posted to this News Article

Corn College TV Education Series

2014_Team_Shot_with_Logo

Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!

Markets

Market Data provided by QTInfo.com
Brought to you by Beyer
Close