Daily Dairy Trading: Futures and Spot Prices Continue Upward Surge18 December 2013
US – Extra grade standard Nonfat Dry Milk led a positive market with 3 cent gains, Tuesday.
This consolidated values above the $2/cwt mark at $2.0900, below Grade A which settled up two cents at $2.1100, according to Agriculture Marketing Service data.
Cheddar followed, lifting 2.25 cents for Blocks to $1.9500, maintaining a sizable gap – 11 cents – from Barrels, which closed on $1.8400, up 1.75 cents.
This continues spot price gains from last week which has been reported across the market, barring Butter which closed unchanged on $1.5500 yesterday, lower than the prior week average of $1.6300.
Futures closed mostly higher. NDM lifted over two cents to $2.0050 and Butter nearly 1.50 cents to $1.5798.
January class III and IV milk both made large gains, up 45 cents to $19.12 and up 20 cents to $21.74 respectively.
Cheese jumped four cents to $1.8850 from $1.8420.
TheCattleSite News Desk