NEWS
DTN Closing Dairy Comments
Robin Schmahl DTN Contributing Analyst
Wed Oct 1, 2014 04:29 PM CDT
Milk

Global Dairy Trade auction prices continued to decline. The trade weighted average fell 7.3 percent. Of the past 16 trading events, 14 of them showed losses with one increase, and one unchanged from the previous event. The GDT price index is at the lowest level it has been since May 2012. Whole milk powder price declined 10.0 percent to $2,443mt or $1.11 per pound. Skim milk powder price declined 2.7 percent to $2,540mt or $1.15 per pound. Anhydrous milk fat declined 5.0 percent to 3,117mt or $1.41 per pound. Butter price declined 6.6 percent to $2,514mt or $1.41 per ...

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