Daily Dairy Trading: Futures and Spot Prices Continue Upward Surge

US – Extra grade standard Nonfat Dry Milk led a positive market with 3 cent gains, Tuesday.
calendar icon 18 December 2013
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This consolidated values above the $2/cwt mark at $2.0900, below Grade A which settled up two cents at $2.1100, according to Agriculture Marketing Service data.

Cheddar followed, lifting 2.25 cents for Blocks to $1.9500, maintaining a sizable gap – 11 cents – from Barrels, which closed on $1.8400, up 1.75 cents.

This continues spot price gains from last week which has been reported across the market, barring Butter which closed unchanged on $1.5500 yesterday, lower than the prior week average of $1.6300.

Futures closed mostly higher. NDM lifted over two cents to $2.0050 and Butter nearly 1.50 cents to $1.5798.

January class III and IV milk both made large gains, up 45 cents to $19.12 and up 20 cents to $21.74 respectively.

Cheese jumped four cents to $1.8850 from $1.8420.

TheCattleSite News Desk

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