Overall, prices slipped 1% to $3,204/t, with whole milk powder (WMP) prices down 0.5% to $3.014/t, butter prices down 2.5% to $5,735/t and skim milk powder (SMP) suffering a significant drop.
SMP, which has been under pressure for almost two years, was down 5.6% to $1,797/t. The only price increase was for anhydrous milk fat, which was up 5.2% to $6,841/t.
The next GDT auction takes place in two weeks’ time.
Milk prices
Meanwhile, First Milk has announced a November milk price increase.
Member milk prices will increase by 0.52ppl from 1 November 2017, on a manufacturing standard litre of 4.2% butterfat and 3.4% protein.
“The returns from the milk market continue to strengthen and this, along with advances in the performance of the business, mean that we can deliver this additional milk price increase to our members.
“Which will be welcome news,” said Nigel Evans, vice-chair and farmer director.
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