The Global Dairy Trade index has fallen for the eighth consecutive auction. Tuesday’s trading event index fell 1% to an average price of $3,784 a metric ton.
Prices for anhydrous milk fat, butter, cheddar cheese, and skim milk powder rose while buttermilk powder, sweet whey powder, lactose, and whole milk powder prices fell.
Anhydrous milkfat was up 1.3% to $5,668 a metric ton, or $2.62 per pound.
Butter closed up 3.8% at $4,589 a ton, or $2.89 per pound.