Dairy cows on William Irvine’s farm. Picture: Cliff Donaldson
UFU MPI: 34.89 (was 33.42)
The New Zealand Global Dairy Trade (GDT) event finished down 3.4% overall on the previous. With butter, cheddar, skimmed milk powder and whole milk powder all down.
Butter was down 8.1% to finish at $6,181. Cheddar finished at $4,766 down 3.1% on the previous. Skimmed milk powder was down 1.6% to finish at $3,381 and whole milk powder was down 0.7% to finish at $3,687.
On the Dutch (ZuivelNL) Market fresh butter, whole milk powder, skimmed milk powder (food) and skimmed milk powder (feed) were all down and whey powder remained stable.
Fresh butter was down €130/T from €4,310/T to €4,180/T. Whole milk powder was down €130/T from €3,430/T to €3,300/T. Skimmed milk powder (food) was down €50/T to finish at €2,720/T. Skimmed milk powder (feed) was down €100/T from €2,750/T to €2,650/T and whey powder remained stable at €1,460/T.
