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Daily Dairy Trading: Butter Trades 1.75 cents lower, Wednesday

15 August 2013

US – Spot price butter dropped 1.75 cents yesterday, leaving the latest price on $1.3800.

Elsewhere in the spot market no trades were made meaning no recovery was possible on cheddar values. This leaves cheese prices below last week’s average of $1.7885 for Blocks and Barrells - $1.7870.

Futures trading saw August Class III milk lift two cents to $18.13, Class IV sat unchanged on $19.15.

August Cheese was a non-mover after Monday's bump to $1.7860. 

Butter closed down half a cent to $1.4200.

TheCattleSite News Desk

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