Butter prices on the Global Dairy Trade auction reached an all-time high
this week, increasing 6.2 percent to reach $7,350 per metric ton, the
highest price since the GDT began eleven years ago. The average
dairy price index on the GDT was still down 0.5 percent from the last
session, dropping to $3,893 per metric ton, marking the first session-tosession
decline after three straight session-to-session increases.
Cheddar cheese prices fell 1 percent, while whole milk powder prices
were down 2.5 percent. Skim milk powder prices were up 0.7 percent.