Daily Dairy Trading: Butter Moves Higher After Seven Trades09 September 2013
US - Butter recorded seven trades on Friday taking the spot price to $1.4300, one cent higher.
The increase put ended losses from Tuesday to Thursday and moved trades to eight for the week to close a four days of trading following Labor Day.
Cheddar bids came in at 2.75 higher than previous calls with final shouts at $1.8100 for Blocks and $1.8000 for Barrels.
A single bid pushed Non-fat Dry Milk one cents higher to $1.8150.
In the futures market, Non-far Dry Milk flatlined through the week on $1.7995 offering no movement on the September contract in the futures market.
Class III September milk pushed three cents up to $18.06 building on gains each day. Class IV milk stayed unchanged on $19.42.
TheCattleSite News Desk