Good news. Prices at the CME continued upward. Blocks are $1.46 per pound and NFDM grade “A” is $1.22 per pound. Whey prices continue to rise, which means the “other solids” price will increase.
In Fonterra’s latest internet whole milk powder auction, today, prices rose 5.7% The average selling price for whole milk powder was $3,022 a metric ton, $1.37 per pound, , up $164 per ton on last month. This latest auction follows a 24% rise in September and a 26% gain in August.