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Daily Dairy Trading: Buyers Move in on Butter, Tuesday

18 September 2013

US – Butter sold well yesterday, closing at a spot price of $1.5200 following 20 trades.

Despite active buying, no movement was seen in the butter price since moving four cents above the prior week average of $1.4800.

Both quantities of cheddar moved 2.25 cents down. Blocks closed on $1.7975 and Barrels three cents lower on $1.7675.

In the futures market, CME reported Class III September milk as losing 2 cents at the close, finishing on $18.14.

Overall, the futures market trended downwards with Class IV milk unchanged on $19.49 and Whey unchanged on $0.5770.

TheCattleSite News Desk

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