The Global Dairy Index lost 2.3% during Tuesday’s trading session. Prices for Cheddar cheese, buttermilk powder, lactose, and anhydrous milk fat increased, but costs for skim and whole milk powder, butter, and mozzarella cheese decreased. Lactose prices increased 4.8% to $818 per metric ton, or $0.37 per pound. Cheddar cheese rose 4% to $4,277 per metric ton, or $1.94 per pound. Buttermilk powder increased 3.7% to $2,504 per metric ton, or $1.13 per pound. Anhydrous milk fat rose 1.4% to $6,637 per metric ton, or $3.01 per pound. Mozzarella cheese prices dropped four-tenths of a percent to $3,945 per metric ton, or $1.78 per pound. Butter dropped 1% to $6,461 per metric ton, or $2.93 per pound. Whole milk powder prices fell 2.8%, to $3,286 per metric ton, or $1.49 per pound. Skim milk powder prices fell 5.2%, to $2,640 per metric ton, or $1.19 per pound. Tuesday’s trade event sold 21,235 metric tons of dairy goods in fourteen bidding rounds, with 125 successful bidders.
