Friday, February 25, 2011

Dry Product Prices

Click on image to enlarge)

Today's NASS price for nonfat dry milk (NFDM) is $1.3938 per pound - pitiful. Today's CME price for NFDM is $1.8325 (Grade A). The most recent, February 15, 2011, GlobalDairy Trade internet auction price for skim milk powder which is virtually interchangeable with NFDM was $1.78 per pound. Is there an explanation which relates to "market" economics. Probably not.

The good news is that all prices are heading upwardly, even whey.

1 comment:

  1. Probably something has that to see the oil price