Daily Dairy Trading: July Class III Milk Closes Down 9 Cents, Wednesday

US – In a busy week of trading so far, midweek prices have lifted across many commodities with Butter lifting 2.5 cents after nine trades were recorded yesterday.
calendar icon 4 July 2013
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This leaves Butter values strong at $1.5250, above prices at the start of the week of $1.4775 and 12 cents ahead of last week’s average of $1.4450.

Cheddar Blocks and Barrels both edged higher in the sales, up 0.25 cents and 0.5 cents respectively leaving Blocks on $1.6650 and Barrels on $1.6550.

Both standards of non-fat dry milk remained unchanged with one trade for Grade A at $1.7400.

Class III milk for July lost 9 cents after Wednesday’s trading, finishing on $17.20. Class IV milk closed on $19.01 – unchanged.

Cheese lost ground, closing down 0.50 cents to $1.6950 with July Butter gaining 0.75 cents up to $1.5400.

TheCattleSite News Desk

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