Daily Dairy Trading: Class III Posts Further Gains, Tuesday

US – Class III January milk continued soaring, closing six cents higher to $20.72 on Tuesday.
calendar icon 15 January 2014
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The Chicago Mercantile Exchange reported highs of $20.75 from a $20.66 open price, showing narrow price movement.

This was part of a buoyant futures market, reports the Agricultural Marketing Service.

February Class III milk closed on $20.46 and closed 47 cents higher at $21.01.

Class IV milk closed up three cents and 26 cents for January (up to $22.05) and February (up to $22.80) respectively.

January Cheese and Whey also closed higher, edging to $2.035 and $0.6006. Butter and Nonfat Dry Milk also lifted marginally.

The spot markets reported a four cent gain in Butter, with the other mover being Cheddar Barrels, closing up to 0.25 cents to $2.1625.

Three trades were behind the Cheddar lift while one bid saw Butter step to $1.7400, ten cents above the prior week average.


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