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Daily Dairy Trading: Prices Continue to Build, Wednesday

28 November 2013

US – The market continued to make gains in the future and spot trading yesterday, with Class IV December milk closing 10 cents higher at $21.25.

This is 21 cents above Monday’s close of $21.04, as is Class III’s current standing at $18.47, up four cents on Wednesday’s close and 21 cents above Monday’s value of $18.26.

December Cheese edged higher, finishing on $1.8140. Nonfat Dry Milk closed up one cent to $1.9300 and Butter also lifted to $1.5850.

Spot markets saw Butter and Cheddar lift, according to the Agricultural Marketing Service.

Barrels sold well, registering six trades changing up 0.75 cents to $1.7775. However, Blocks made the biggest gains (+1.50 cents) and closed eleven cents above Barrels at $1.8800.

Three trades pushed Butter 1.5 cents higher to $1.6500.

TheCattleSite News Desk

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