Daily Dairy Trading: Butter Only Spot Market Mover, Monday14 January 2014
US – Butter closed higher, reaching a spot market value of $1.7000 at the close of a very quiet trading day on Monday.
This followed one bid up 2.5 cents and has continued an upwards trend for Butter, over five cents higher than the prior week average of $1.6480, according to the Agricultural Marketing Service.
No market activity was reported for any other spot commodities as the market sits on a high. Cheddar and Nonfat Dry Milk remaining above the $2 mark.
Class III January Milk closed 16 cents higher at $20.66, over $1.5 behind Class IV on $20.02.
Whey closed on $60 cents per pound exactly.
TheCattleSite News Desk