Global Dairy Trade Results Update – 6/5/18
Executive Summary Dairy product prices declined during the GDT event held Jun 5th. Highlights from the most recent auction include:
- The GDT Price Index declined for the sixth time in the past eight auctions during the Jun 5th event, finishing down 1.3%.
- Declines in prices within the Jun 5th event were led by cheddar cheese, followed by butter, anhydrous milkfat and whole milk powder. Cheddar cheese and butter prices declined to three and four auction lows, respectively, while whole milk powder prices finished tied for the lowest figure experienced throughout the past eight auctions. Skim milk powder prices increased slightly throughout the event, finishing at a six auction high.
- Total quantities sold for all products at the Jun 5th event increased 18.8% from the previous event, finishing at an eight auction high. Total quantities sold within the first auction of June finished 0.1% below last year’s average volumes sold for the month of June and 8.9% below the previous three year average June quantities sold, however.