Daily Dairy Trading: Trading Interest Shown for Cheese on Wednesday
US – Interest in the relatively low Cheddar Barrel price has caused trading interest this week which has supported a small lift to a higher price of $1.8000, spot market reports show.
24 October 2013
1 minute read
The Cheddar margin, between blocks and barrels, narrowed again yesterday as no interest was shown for Blocks but Barrels lifted 0.75 cents with six trades.
Butter closed on $1.4750 after closing 0.5 cents higher.
October Milk futures closed lower, dipping one cent for Class III futures and five cents for Class IV.
Class IV lost a cent, down to $18.24 and Class IV sold for $20.20. Cheese also fell back, down from $1.8050 to $1.8030.
Whey flatlined on $0.5800 after Monday’s drop from $0.5823. Conversely, Nonfat Dy Milk lifted slightly to $1.8350 after sticking to $1.8340 during the early stages of the week.
TheCattleSite News Desk
