Another gain in Tuesday’s Global Dairy Trade (GDT) auction. A hefty 75.2 million pounds of product found new homes on the day, up from 73.9 million on September 5, and 71.1 million on August 15.
The weighted average for products offered was up 0.9 percent following a 0.3 percent increase September 5, a 0.4 percent slippage August 15 and 1.6 percent loss on August 1.
Lactose led the declines, down 3.8 percent after it led the gains last time with a 5.1 percent jump. Rennet casein was down 2.4 percent, following a 1.2 percent increase. GDT Cheddar was down 1.9 percent, after a 2.5 percent increase, and skim milk powder was off 1.2 percent, following a 1.2 percent loss last time.
Anhydrous milkfat led the gains, up 5.3 percent, following a 3.6 percent advance, and butter was up 1.2 percent, following a 3.8 percent increase last time. Whole milk powder inched 0.6 percent higher, after slipping 1.6 percent last time.
Courtesy Mielke Market Weekly
