DTN Closing Dairy Comments
Robin Schmahl DTN Contributing Analyst
Tue Sep 17, 2013 04:34 PM CDT

The Global Dairy Trade auction did little to support futures prices. The Overall traded weighted average gained 0.3% over the previous event. Whole milk powder price increased 1.1% to $5,096mt, or $2.31 per pound. Skim milk powder declined 1.7% to $3,330/mt, or $1.96 per pound. Anhydrous milk fat declined 3.3% to $4,949mt, or $2.24 per pound. Butter increased 5.2% to $3,911mt, or $1.77 per pound. Cheddar cheese price increased 1.0% to $4,295mt, or $1.95 per pound, with milk protein concentrate down 0.6% to $7,569mt, or $3.43 per pound. These prices have been trading in a tighter range over the ...

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