Daily Dairy Trading: Nonfat Dry Milk and Cheddar Blocks Both Lift in Spot Markets25 October 2013
US – Cheddar Blocks and Nonfat Dry Milk both lifted 0.75 cents yesterday as limited trading continued in the spot market.
Blocks finished on $1.8650, leaving a 6.5 cents gap above Barrels. This follows Barrels closing with gains on Tuesday and Wednesday to settle at $1.8000.
A total of 15 trades have been reported for the week by yesterday’s close, of which 7 have been for Barrels.
Grade A standard Nonfat Dry Milk finished the day on $1.8675 after one bid.
Futures milk hovered around the week’s average of $18.24 for October Class III, closing a cent higher to $18.25. Class IV October milk closed unchanged on $20.20.
Small and steady declines in Whey values have been reported this week as prices moved down again to $0.5785.
Butter continued fluctuating, closing up slightly after Tuesday’s gains and Wednesday’s losses, finishing Thursday on $1.5450.
October Cheese closed unchanged from Wednesday’s price of $20.20.
TheCattleSite News Desk