Tuesday’s Global Dairy Trade index rose nearly 5% and was only the second time since March the index went up. Market analyst Jon Spainhour from ever.ag tells Brownfield several product categories saw gains. “The auction, in general, was very strong as well as specifically whole milk powder being up 5.1%. Cheese was up 1%, butter up 3.3%, and AMF (Anhydrous milk fat) up 14%.”
Spainhour says one reason the dairy product prices are going up is milk production is not growing, especially in foreign countries with environmental restrictions.
Market analyst says production slowdown helped boost global dairy prices
