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Global Dairy Trade Sees Largest Gains Since Beginning of Year


The Global Dairy Trade auction index in New Zealand posted its largest gain since the beginning of the year again this week. Event 263 started our day with an 8.3% move higher than 3 weeks prior to $3,179 per ton. All the products traded higher except anhydrous milk fat that was 2/10 of a percent lower. Demand for whole milk powder carried the trade, up 14 percent.  Butter was up 3%, Cheddar was up 3.3%, lactose traded 1.9% higher, skim milk powder was up 3.5%. 


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