Small drop in milk price in GDT auction

The trade weighted price of milk was down .5% in this morning’s GlobalDairyTrade auction.

Anhydrous milk fat was down .8%;  butter milk was up 2.5%; cheddar dropped 3.7%; milk protein concentrate was down 2.7%; rennet casein was down 1.9%; skim milk powder dropped -4.8%; and whole milk powder increased 2.7%.