SMP and WMP prices moved lower at this week’s GDT Pulse event compared to the latest GDT #401.

Fonterra regular WMP averaged US$3,600/t, down US$50/t from GDT #401 and US$65/t higher than the previous Pulse event. Fonterra instant WMP averaged US$3,695/t, US$65/t higher than the previous Pulse. NZ MH SMP prices averaged US$3,240/t, -2.4% lower than GDT #401 and +4.9% higher than the previous Pulse price. Arla’s MH SMP C2 price settled at US$3,125/t, down -1.4% from the previous Pulse.

Butter prices plummeted -7.0% from the latest GDT event to average US$5,950/t, while AMF prices fell -1.2% to US$6,865/t.