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course of September. Weather has been generally cold and wet, which is
not conducive to good grass growth. At the September 1 GDT event #147,
average prices ranged from 4.0% lower to 30.0% higher from the prior
event across categories. The all contracts price averages (US$ per MT)
and percent changes from the previous average are: anhydrous milk
fat, $3,029, +11.7%; butter, $2,746, +8.1%; buttermilk powder, $1,829,
+30.0%; cheddar cheese, $2,913, +4.7%; lactose, $483,-4.0%; rennet
casein, $5,779, +6.3%; skim milk powder, $1,698, +11.7%; and whole
milk powder, $2,078, +12.1%. Dairy Australia reports dairy product
exports for July 2015 totaled 52.9 thousand MT, up 8.5% from a year
ago. Selected dairy product export changes compared to the same period
last year are: butter, -21.9%; butter oil, -28.1%; cheddar, +2.4%;
SMP, +31.0%; WMP, +12.8% and whey products +9.1%. The value of exports
for July 2015 increased 8.4% over July 2014.
0930C Tara.Herbst@ams.usda.gov 608.557.7007
USDA/AMS/Dairy Market News, Madison, Wisconsin
Dairy Market News website: http://www.ams.usda.gov/market-news/dairy
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