Daily Dairy Trading: Active Spot Price Action Continues , Monday17 December 2013
US – Active spot markets continued into the new week, seeing Cheddar Blocks and both standards of Nonfat Dry Milk edge higher, while Butter and Barrels fell.
Butter fell five cents from a lofty $1.6000 late last week to its current position on $1.5500, eight cents below last week’s average price of $1.6300.
This is according to Agriculture Marketing Service data from the US Department of Agriculture which also reported 0.75 cent losses for Cheddar Barrels, eroding price after last week’s increase.
In the futures market, the Chicago Mercantile Exchange reported a drop in values.
January Class III milk closed at $18.67, up 15 cents and Class IV closed on $21.54, both lower.
January Cheese closed on $1.8420 and January Whey was worth $0.5875 a pound.
TheCattleSite News Desk