Global Dairy Trade: Sharing a New Dairy Price Quote from Fonterra:
AMF index down 4.5%, average price US$4,600/MT
Butter index up 2.2%, average price US$5,068/MT
Ched index down 3.4%, average price US$4,407/MT
SMP index down 1.6%, average price US$2,766/MT
WMP index up 0.3%, average price US$3,244/MT
A dairy economist says USDA milk production reports don’t give the full picture of cow productivity.
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