stay informed

Share This Post

Share on facebook
Share on linkedin
Share on twitter
Share on email

As New Zealand enters the summer months. The Global Dairy Trade auctions in November offer some decent insights into the state of the Oceania dairy herd. It appears the fat component of milk will be robust enough to maintain current demand as butter pricing through the first quarter only ticked up slightly. December salted butter traded at a $139675/lb. A 1% gain, January salted butter traded at $1.8550/lb. A .5% drop, and February traded at $1.8650/lb. Another 1% gain. The bigger surprise came in the powder markets as skim powder markets as skim milk powder gained 6.7% to find at $1.3275/lb., whole milk powder was up 3.6% to $1.4775/lb., and even buttermilk powder was making a rare trade appearance at $1.2650/lb. however, skim milk powder is at a fiver year high, historically once foreign prices get this high buyers start to push back. BurtKnowsDairy https://www.globaldairytrade.info/en/

Subscribe To Our Newsletter

Get updates and learn from the best

More to Explore

Business Continuity

When known or unknown events threaten to disrupt your operations, Burt Lewis Inc is prepared to have what you need so your supply chain is

Read More »

What is Butter?

Butter is a product made from the solid components in milk (fat and protein). Butter usually consists of approximately 80 percent fat. The small amount

Read More »