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Daily Dairy Trading: Butter Stays High, Class III Milk Increases Again, Friday

13 January 2014

US – Spot price Butter reported two trades at the week’s high of $1.6750 as Nonfat Dry Milk recorded losses on Friday.

The Week’s trading ended with Butter over five cents higher than its Monday close of $1.6200 and above the prior week average of $1.5413 after nine trades.

This contrasted with losses of 1.25 cents and 1 cent for Grade A NDM and Extra Grade NDM respectively which sold well as prices dipped.

Agricultural Marketing Service reports from the US Department of Agriculture listed five trades for Grade A NDM and one trade for Extra Grade.

A small decrease in NDM was also seen in the futures market, which closed on $2.0100.

Elsewhere, January Class III milk continued steady gains on Friday, lifting eight cents to $20.50 from $20.42, up from Monday’s close of $20.06.

Class IV January milk closed lower on Friday, after following Class III with gains throughout the week. The value declined four cents, finishing on $21.90.

Cheese and Whey futures both edged higher.

TheCattleSite News Desk

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