Today’s Global Dairy Trade (GDT) auction in New Zealand sent a bit of a mixed message, with butter and anhydrous milk fat both declining but other commodities gaining a bit of ground. Volume was again heavy, with 36,258 metric tons being purchased by 179 buyers. Butter declined 4.9% to $1.81/lb with anhydrous milk fat down 5.1%. But cheddar cheese jumped 2.7% to $1.72/lb. Skim milk powder (SMP) was up 1.9% to $1.39/lb. Whole milk powder was up just 0.1% to $1.51/lb. U.S. cheddar and whole milk powder prices are both still trading above world prices. But U.S. SMP prices continue to be a good buy internationally. U.S. butter prices are roughly at par with world prices.
Business Continuity
March 19, 2020
No Comments
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
