NEWS
DTN Closing Dairy Comments
Robin Schmahl DTN Contributing Analyst
Wed May 21, 2014 04:47 PM CDT
Milk

Global Dairy Trade auction prices were mixed, but the weighted average price was down 1.8% at the auction Tuesday. This is the seventh consecutive event posting a decline. Whole milk powder price declined 1.1% to $3,877mt or $1.76 per pound; skim milk powder declined 3.5% to $3.733 or $1.69 per pound; anhydrous milk fat gained 1.9% to $4,255mt or $1.93 per pound; butter declined 3.8% to $3,667mt or $1.66 per pound; cheddar cheese price declined 2.1% to $4,108mt or $1.86; buttermilk powder declined 1.9% to $3950mt or $1.79; Rennet casein increased 4.6% to $11,861mt or $5.38 per pound. Manufacturing ...

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