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Daily Dairy Trading: Gains Led By Cheese

04 December 2013

US – Bidding, not trades, led to higher valuations across spot markets on Tuesday, with Cheddar leading gains.

Blocks made 4 cents, closing on $1.9200 and Barrels gained 3.50 cents, finishing on $1.8125. A 10.75 cent gap now separates Cheddar quantities.

This is according to the Agriculture and Marketing Service at the US Department of Agriculture, which also reported gains for Nonfat Dry Milk.

Grade A closed 1.75 cents higher to $2.0175 and Extra Grade gained 2 cents, closing at $1.9950.

One trade was registered for Blocks. Butter however, reported three trades, although stayed unchanged on $1.6400.

Futures prices also saw widespread gains, including a 27 cent lift in December Class III, closing at $18.86. Class IV finished on $21.35 after making 11 cents.

December Cheese gained three cents moving from $1.8270 up to $1.8850. Nonfat Dry Milk closed 4.48 cents higher.

December Butter closed 3 cents higher to $1.6000.

TheCattleSite News Desk



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