World Dairy Prices Tick Up on GlobalDairy Trade Auction

December 15, 2015 09:31 AM
 
USD1340-SpotlightPhoto-TradeData_01-01_(1)

World Dairy Prices Tick Up 1.9% in GlobalDairy Trade Auction

Aggregate world dairy prices ticked up 1.9% today on the biweekly GlobalDairy Trade auction from New Zealand. The aggregate price came in at $2,458 per metric ton, but on a low volume of trade.

This is the second auction in a row that prices increased, at least in the aggregate. Prices had been declining since early October, when they peaked at $2,834/ton. Nearly 24,888 metric tons were traded. This is the lowest volume of activity since mid June.

Butter jumped 9%, to $1.42/lb. Cheddar cheese was up 1.1%, to $1.30/lb., and skim milk powder was up 0.2% to 86¢/lb. That compares to U.S. prices of $2.07/lb. for butter, $1.44 for cheese and 79¢/lb. for butter.

You can view all the 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