Daily Dairy Trading: Cheese Quantities Report Gains, Wednesday10 October 2013
US – Both quantities of Cheddar saw gains yesterday as Block and Barrel spot prices moved for the first time this week.
Butter however reported a major drop for the second consecutive day, losing four cents to $1.5300.
Wednesday’s bidding action has left Blocks ahead as part of a 3.25 cent gap in cheese values.
Cheese futures also increased, showing small gains after finishing up to $1.7860.
The futures market showed mixed performance as Class III October milk gained three cents, Class IV remained static at $20.30.
Nonfat Dry Milk reported small gains, closing up from $1.8300, where it had been all week, to $1.8350. The general lack of Nonfat Dry Milk trading movement has been reflected in spot market action.
TheCattleSite News Desk