This Week's Other Stories:

EDITORIAL COMMENT: The One-Two Punch That Devastated Dairy

LEAD STORY: Farm-Level Organic Milk Sales In 2015: $1.2 Billion, Up 8.4% From ‘14

OTHER NEWS: Dairy CPI Rose 0.4% In August; Average Retail Cheddar Cheese, Whole Milk Prices Increase

GUEST COLUMNIST:  
World Prices Should Increase
Dairy Situation & Outlook by Bob Cropp

COMPANY PROFILE:  
Baker Cheese, A String Cheese Leader And Innovator, Celebrates 100th Anniversary

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Global Dairy Trade Price Index Increases 1.7%; Only Whole Milk Powder Price Declines

By End Of Third Quarter, GDT Price Index 31% Higher Than At End Of Second Quarter; All Prices Higher

Auckland, New Zealand—The price index on this week’s semi-monthly Global Dairy Trade (GDT) dairy commodity auction increased 1.7 percent from the previous auction, held two weeks ago.

In this week’s auction, which featured 175 participating bidders and 129 winning bidders, prices were higher for Cheddar cheese, skim milk powder, butter, anhydrous milkfat, rennet casein, lactose and buttermilk powder and lower for whole milk powder.

Results from this week’s GDT trading event, with comparisons to the trading event held two weeks ago, were as follows:

Cheddar cheese: The average winning price was $3,518 per metric ton ($1.60 per pound), up 2.2 percent. Average winning prices were: Contract 1 (October), $3,840 per ton, down 1 percent; Contract 2 (November), $3,656 per ton, up 9.2 percent; Contract 3 (December), $3,448 per ton, down 0.6 percent; Contract 4 (January), $3,383 per ton, down 1.5 percent; and Contract 5 (February), $3,645 per ton), up 2.8 percent.

Skim milk powder: The average winning price was $2,293 per ton ($1.04 per pound), up 3 percent. Average winning prices were: Contract 1, $2,285 per ton, down 0.4 percent; Contract 2, $2,272 per ton, up 2.5 percent; Contract 3, $2,313 per ton, up 3.1 percent; Contract 4, $2,294 per ton, up 2.5; Contract 5, $2,319 per ton, up 4.8 percent; and Contract 6 (March), $2,390 per ton, up 6.9 percent.

WMP: The average winning price was $2,782 per ton ($1.26 per pound), down 0.2 percent. Average winning prices were: Contract 1, $2,983 per ton, up 4.5 percent; Contract 2, $2,768 per ton, down 1.2 percent; Contract 3, $2,864 per ton, up 2.8 percent; Contract 4, $2,711 per ton, down 1.4 percent; Contract 5, $2,695 per ton, down 2.3 percent; and Contract 6, $2,845 per ton, down 4.9 percent.

Butter: The average winning price was $3,892 per ton ($1.77 per pound), up 3.6 percent. Average winning prices were: Contract 1, $3,934 per ton, down 2 percent; Contract 2, $3,778 per ton, up 0.3 percent; Contract 3, $3,980 per ton, up 7.3 percent; Contract 4, $3,925 per ton, up 5.9 percent; Contract 5, $3,980 per ton, up 6.3 percent; and Contract 6, $3,990 per ton, up 6.8 percent.

Anhydrous milkfat: The average winning price was $4,998 per ton ($2.27 per pound), up 4.6 percent.
Average winning prices were: Contract 1, $5,191 per ton, up 7.3 percent; Contract 2, $4,999 per ton, up 5.5 percent; Contract 3, $4,954 per ton, up 3.6 percent; Contract 4, $4,941 per ton, up 3.2 percent; Contract 5, $5,031 per ton, up 4.1 percent; and Contract 6, $5,076 per ton, up 5.3 percent.

Rennet casein: The average winning price was $6,893 per ton ($3.13 per pound), up 2 per

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