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Daily Dairy Trading: Cheddar Leads Losses in Spot Prices Dive, Tuesday

21 August 2013

US – Spot price indicators suggest a drop in the market with Cheddar seeing substantial drops, Tuesday.

Cheddar Blocks traded at $1.7075 cents, a 4.75 drop on the last movement. Barrels slipped 3.5 cents although no trade was registered, just one offer at $1.7000.

This puts Cheddar values below last week’s average prices of $1.7650+.

Butter and extra grade Non-fat Dry Milk went unchanged on the day but grade A slipped half a cent to $1.8000.

Futures saw three cent losses in August Class III milk to $17.99. Class IV carried its long held value of $19.15.

September Class III milk closed on $17.56, down 24 cents.

August Cheese lost ground, closing on $1.7770 with NDM, Butter and Whey unchanged.

TheCattleSite News Desk

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