Global Dairy Trade Results Update – 6/19/18
Executive Summary Dairy product prices declined during the GDT event held Jun 19th. Highlights from the most recent auction include:
- The GDT Price Index declined for the seventh time in the past nine auctions during the Jun 19th event, finishing down 1.2%.
- Declines in prices within the Jun 19th event were led by cheddar cheese, followed by anhydrous milkfat, rennet casein, skim milk powder and whole milk powder. Cheddar cheese prices declined to a five auction low while skim milk powder and whole milk powder prices declined to three and ten auction lows, respectively. Butter prices rebounded slightly from the previous auction at the Jun 19th event.
- Total quantities sold for all products at the Jun 19th event increased 0.3% from the previous event, finishing at a nine auction high. Total quantities sold within the June auctions finished 0.1% above last year’s average volumes sold for the month of June but remained 8.7% below the previous three year average June quantities sold.