Daily Dairy Trading: Trading Interest Shown for Cheese on Wednesday24 October 2013
US – Interest in the relatively low Cheddar Barrel price has caused trading interest this week which has supported a small lift to a higher price of $1.8000, spot market reports show.
The Cheddar margin, between blocks and barrels, narrowed again yesterday as no interest was shown for Blocks but Barrels lifted 0.75 cents with six trades.
Butter closed on $1.4750 after closing 0.5 cents higher.
October Milk futures closed lower, dipping one cent for Class III futures and five cents for Class IV.
Class IV lost a cent, down to $18.24 and Class IV sold for $20.20. Cheese also fell back, down from $1.8050 to $1.8030.
Whey flatlined on $0.5800 after Monday’s drop from $0.5823. Conversely, Nonfat Dy Milk lifted slightly to $1.8350 after sticking to $1.8340 during the early stages of the week.
TheCattleSite News Desk