Prices Lift on Pulse

Prices Lift on Pulse

Regular grade WMP prices rose at this week’s GDT Pulse event with prices up 0.6% against GDT event #353 and 5.1% ahead of the previous Pulse event at US$3,215/t. Instant WMP settled at US$3,310/t, taking the weighted average WMP price  to US$3,280/t. Futures settled...
Prices Lift on Pulse

Australian Exports Continue to Grow

Australian exports were up 5% for the season to February in milk solid equivalent terms. The increase was led by increased shipments of cheese, milk powders, butter and dry whey.      Exports were ahead in the month of February across most dairy products except milk...
GDT index rises

GDT index rises

GDT event #353 recovered part of the ground lost at the previous event, with the overall price index up 2.8%. Demand was  above average across commodities, most impressively in fats. Chinese involvement was better than the previous event, but still on the low side of...
US milk prices up in February

US milk prices up in February

The all-milk price rose in February according to USDA’s latest Ag Prices report. The all-milk price of US$0.47/l was up 2.5% from the prior month but still 4.6% lower YOY. Average MPP farmgate margins rose by 11% between January and February to $10.5/cwt, reflecting a...
GDT index rises

Prices down at Pulse auction

The latest Pulse event saw both WMP and SMP prices ease. Regular WMP sold for US$3,060/t lost 1.1% from the GDT event #352 last week and was down 3% from the previous Pulse auction. Instant WMP settled at US$3,155/t. Meanwhile, medium heat SMP prices settled at...
Prices Lift on Pulse

EU milk down 0.9% YOY in January 

EU27 -milk production declined 0.9% YOY in January, based on complete Eurostat and AGEA data. This follows a 0.7% YOY fall in December. January production declined 2% YOY in Germany, France was 0.3% lower. Irish production continues to be affected by wet weather, with...