GDT continues to slide south – 3.5%

Its grim following the GDT Auction results where for the 12th consecutive auction there has been no upward price movement recorded.  Last weeks auction saw the average all products price down 3.5% to average US $2727 tonne.

Notable movers were:

Butter down 9.6% to average $3637 (a two year low)

WMP down 1.8% to average $2599 (a two year low and 9 consecutive WMP auction falls)

SMP down 1.6% to average $1965

Cheddar up 0.2% to average $3252