August 16, 2023: Dairy Week in Review

The dairy price index on the latest Global Dairy Trade session fell 7.4 percent from the previous session to its lowest level since April 2020. The price fell to $2,875 per metric ton, marking the seventh consecutive session-to-session drop in the price. Whole milk powder prices fell 10.9 percent to a seven-year low, while skim milk powder, anhydrous milkfat, and butter prices all fell as well, down 5.2, 5.3, and 3.0 percent, respectively. Cheddar cheese was the only product to post a price increase, up 5.8 percent.

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