Daily Dairy Trading: Small Movements in Spot Market and Futures, Wednesday
US – Dairy futures closed mixed on Wednesday and there was little activity in the spot market, the Chicago Mercantile Exchange reported yesterday.
13 March 2014
1 minute read
The only spot price mover was Cheddar Blocks which closed half a cent higher at $2.3250, leaving the price 2.5 cents above Monday’s close of $2.3250.
Spot price Non-fat Dry Milk closed unchanged on $2.0400, despite registering two trades.
Butter has sold the most of the spot commodities. Six trades have been reported in total at $1.8850.
March futures closed mostly higher, the exception being Butter which slipped to $1.8298. Butter futures closed unchanged from July up to and including November.
April Butter slipped to $186.00, the contracts highest figures.
Class III edged a cent higher to $22.91, Class IV held on $23.40. Whey powder closed up to $0.6415.
Cheese settled mostly lower across the year but recorded minor gains in the front months. April lifted to $2.235 and April lifted to $2.087.
TheCattleSite News Desk
