Dairy

UFU MPI

Wed 12 Feb 2020 – Dairy cattle at Greenmount. Picture: Cliff Donaldson

Ulster Farmers’ Union milk price index: 40.59 (was 39.26) – The New Zealand GDT event finished up +1.2%, led largely by an increase in whole milk powder up 3.0% to $3,559, cheddar up 3.8% to $4,606 and butter milk powder up 5.0% to $3,171. Whilst butter and skimmed milk powder were down, butter down 1.4% to finish at $6,407 and skimmed milk powder down 0.6% to $2,795. On the Dutch (ZuivelNL) market both whole milk powder and whey powder remained stable at €4,410T and €910/T respectively. Butter and skimmed milk powder (food) were down, butter down €100/T to finish at €8,000/T and skimmed milk powder (food) finished at €2,520 down €60/T on last week.