Daily Dairy Trading: Spot Markets Stay Unchanged, Tuesday25 September 2013
US – Butter values, like other commodities, did not change yesterday despite butter receiving strong interest from buyers.
The lack of movement comes after consecutive days of price increases which left spot calls on $1.6050.
Four trades, two bids and one offer were reported for Butter. Elsewhere in the market, trade was limited – the only call was an offer for Nonfat Dry Milk.
Futures trading saw significant gains. October Class III milk leapt 12 cents to $18.04, while Class IV settled five cents higher to $20.15.
October Cheese moved from $1.7690 to $1.7810.
TheCattleSite News Desk