The Global Dairy Trade index is up for the seventh consecutive trading day. The index gained 4.2% to an average price of $3,571 per metric ton on Tuesday morning. The butter market rose 10.3% to $6,516 per metric ton, or $2.95 per pound. Cheddar cheese prices climbed 6.3% to $4,469 per metric ton, or $2.02 per pound. Skim milk powder rose 4.6% to $2,758 per metric ton, or $1.25 per pound. Whole milk powder was also up 3.4% at $3,463 per metric ton, or $1.57 per pound. Anhydrous milk fat prices increased 3.3% to $6,033 per metric ton, or $2.73 per pound. Lactose prices rose 2.6% to $785 per metric ton, or $0.35 per pound. Buttermilk powder rose 1.2% to $2,412 per metric ton, or $1.09 per pound. The only commodity to lose value during Tuesday’s trading session was mozzarella cheese, which slid 1.8% to $3,760 per metric ton, or $1.70 per pound. Tuesday’s 21 bidding rounds yielded 104 victorious bidders, who sold 24,836 metric tons of dairy goods.
