Daily Dairy Trading: Strong Trades Carry Butter Higher, Friday

US – Butter and Cheese prices built through the week with the week’s spot price closing strongly, over seven cents above the prior week average.
calendar icon 2 September 2013
clock icon 1 minute read

Cheddar Blocks saw five trades force values 5.50 cents higher to $1.7825, the highest for the week and 9. 25 cents up on the prior week average. Barrels gained 6.5 cents through the week, closing on $1.7700.

Butter had three trades on Friday which inched prices 0.25 cents higher to $1.4375 and brought the trade tally to 35 for the week.

No interest was recorded for Non-fat Dry Milk which has remained on $1.8000 for Grade A standard and $1.7800 for Extra Grade from the last movement registered during the previous week.

The futures market strengthened a little. September Class III milk moved 21 cents higher to $17.83.
September Cheese moved to $1.763 from $1.7380. Non-fat Dry Milk edged higher to $1.7995 and September Butter lifted 3.75 cents to $1.4600.

Class IV milk for September closed unchanged on $19.42 from Wednesday.

 

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