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Daily Dairy Trading: Near Futures Gains, Tuesday

05 March 2014

US – Dairy markets closed mixed with profit taking on near contracts as the spot floor saw little trading activity.

March Class III milk lifted 21 cents to close on $22.10, the Chicago Mercantile Exchange reported yesterday. 

Small to moderate losses were made on contracts from beyond April, which closed unchanged on $20.26.

A similar pattern was recorded for Class IV with March edging two cents higher to $23.16.

April Class IV to July closed over 20 cents lower. April closed on $22.56, May on $21.90 and June slipped 28 cents to $21.25.

Cheese closed lower across the spring and summer with light gains from September onwards.

March Cheese closed on $2.158.

March Non-fat Dry Milk settled on $205.000, slightly higher. April slipped to $199.300.

March and April Butter both made gains to take prices in advance of $183.400. May closed unchanged at $180.500 - almost three cents beneath this level.

In the spot market, two Cheddar barrel trades were confirmed at a closing price of $2.21275 – 3.25 cents lower.

One bid was made for Non-fat Dry Milk at an unchanged price of $2.0275.

Michael Priestley

TheCattleSite News Desk



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