Tuesday, February 15, 2011
Global Dairy Trade Prices Up - Mostly
(click on image to enlarge)
Today, Fonterra held another internet auction, the 38th. Prices were generally up with Whole Milk Powder up significantly, see above. Anhydrous Milk Fat was down but, not much.
On the CME butter, which is still short, is falling in price. The same outfit, Dairygold, which seemed to run butter up to $2.10 per pound is now dropping the price with offers. Rational, maybe, but not transparent.