Little change in dairy prices

Compared to the last auction, the price index rose 0.3%.

However, the flagship whole milk powder prices dropped 1.6% despite futures pricing a 3% rise.

Westpac senior market strategist Imre Speizer says fats outperformed but powders disappointed.

“The GDT dairy auction resulted in prices overall little changed – the index up 0.3%; WMP down 1.6% (compared to futures pricing a 3% rise),” he says.

Butter was up 3.8% to US$5954/MT; WMP US$3100/MT.

Key Results

AMF index up 3.6%, average price US$6,402/MT

Butter index up 3.8%, average price US$5,954/MT

BMP index down 10.1%, average price US$2,026/MT

Ched index up 2.5%, average price US$4,118/MT

LAC index up 5.1%, average price US$791/MT

RenCas index up 1.2%, average price US$6,316/MT

SMP index down 1.2%, average price US$1,944/MT

WMP index down 1.6%, average price US$3,100/MT