Small fall in GDT milk price

The trade-weighted price of milk dropped .9% in this morning’s GlobalDairyTrade auction.

The price of anhydrous milk fat went up 3.3%; butter milk powder increases 7.2%; cheddar was down 2.9%; milk protein concentrate was up 2.4%; rennet casein was down 1.8%; skim milk powder was up 5.2% and whole milk powder was down 5.8%