Daily Dairy Trading: Spot Values Build Through The Week, Friday Sees Cheese Lift04 November 2013
US – The week’s spot values built through the week, closing higher than the previous week average.
Butter and Cheddar closed up after Friday’s active markets by over one cent per pound, as the cheese gap narrowed to over three cents.
The week’s Cheddar prices climbed steadily higher, with the major gains coming from Wednesday onwards.
Blocks lifted 1.25 cents on Friday to $1.9025 after five trades, whereas Barrels closed two cents higher at $1.8700, only reporting bidding interest.
Selling forced Butter 3.25 cents higher to $1.5352.
Nonfat Dry Milk Grade A did not maintain the growth of the previous week, edging up to $1.9100 mid-week from $1.9000 before losing slightly on Friday and closing down to $1.9040.
Extra Grade stayed unchanged on $1.8500, down on the prior week average.
Dairy futures flux continued with a five cent rise recorded on Friday for Class III and IV November milk, up to $18.84 and $20.49 respectively.
Cheese posted the highest close of the week at $1.8760 while Whey posted losses for the week, down to $0.5700.
TheCattleSite News Desk