US – Both standards of Nonfat Dry Milk closed higher yesterday while Butter traded unchanged following Tuesday’s gains at $1.5600, well clear of previous week’s prices of $1.4965.
Bids pushed Nonfat Dry Milk Grade (NDM) A up 1.75 cents to $1.9325 and Extra Grade to $1.8700, up one cent. This was matched by small gains in the November futures contract for NDM.
The increase went from $1.8725 to $1.8750, which coincided with six cent gains in November Class III Milk, at $18.82.
The other spot price mover was Cheddar Barrels, down 0.25 cents at $1.9325 after one offer. This compounds the week's losses after highs of $1.8700 on Monday and Tuesday and put Barrels below last week's value, which hovered above $1.80.
TheCattleSite News Desk