Daily Dairy Trading: Spot Prices Move Lower Through the Week30 September 2013
US – Dairy spot values closed slightly lower on the week overall, although held ground after the previous week’s gains.
There was little movement across many commodities despite Butter registering five trades and Cheddar Blocks registering three trades which closed on $1.6100 and $1.7500 respectively.
This meant both traded below the prior week average as Blocks sold nine lots and Barrels sold 12.
Friday’s only mover was Grade A Nonfat Dry Milk after one batch sold for $1.8300, one cent higher.
Extra Grade standards held at $1.7800 throughout the week.
Butter held around $1.6100 after gaining six cents the previous week as Cheddar Blocks dropped 3-4 cents after averaging $1.8010.
Futures trading saw stability as Class III October milk managed a close of $17.96 on Friday after closing on $17.92 on Monday.
Class IV built through the week from $20.10 ending on $20.19.
TheCattleSite News Desk