DTN Closing Dairy Comments
Robin Schmahl DTN Contributing Analyst
Tue Jul 16, 2013 04:37 PM CDT

Some support for milk futures came from a higher Global Dairy Trade auction trade weighted average. The trade weighted average increased 4.9% from the previous event. Whole Milk Powder price increased 7.7% to $5,058 per metric ton, or $2.29 per pound. Skim milk powder price increased 3.3% to $4,566 mt, or $2.07 per pound. Anhydrous milk fat price increased 3.6% to $4,742 mt, or $2.15 per pound. Buttermilk powder price gained 4.8% to $4,826 mt, or $2.19 per pound with cheddar cheese price up 2.1% to $4,475 mt, or $2.03 per pound. Butter price showed the only decrease with ...

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