Daily Dairy Trading: Last Week's Momentum Not Being Kept Up By Spot Values26 September 2013
US – Dairy spot values have not held ground from last week’s highs this week, with Cheddar seeing the recent losses.
Cheddar barrels posted the greatest spot price losses yesterday, settling at $1.7200, down 2.5 cents.
Only seven trades so far this week has resulted in a fall in Barrel values which is well under the $1.7720 average price of last week.
Losses were also seen in Cheddar Blocks which closed 1.25 cents lower after light interest. This left the price on $1.7700, more than three cents adrift of last week’s average of $1.8010.
In the dairy futures market, Class IV October milk gained (up four cents to $20.19) while Class III lost 12 cents (closing at $17.92).
Little movement was seen elsewhere other than October Butter futures which moved from $1.5980 to $1.6148.
TheCattleSite News Desk