Daily Dairy Trading: Futures Close Lower, Tuesday

US – Milk futures slipped back on Tuesday as the Spot market was static, reports the Chicago Mercantile Exchange.
calendar icon 19 March 2014
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All 2014 Class III milk contracts posted losses. March finished 17 cents lower at $23.32/cwt and April slipped 10 cents to $23.02.

Class IV milk closed unchanged to July, which finished trading 10 cents lower at $20.90.

The March contract closed on $23.55.

Cheese also closed lower with March finishing on $2.279 and April at $2.239.

March and April Butter futures both closed higher as Butter presented a more mixed picture.

March milk powder held at $208.575 while all others up to the latest November contract slipped.

Spot floor traders were limited to two bids for Butter at $1.9000. This still higher than last week’s average.  

TheCattleSite News Desk

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