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Daily Dairy Trading: Butter Closes 1.5 Cents Higher After Sales

06 November 2013

US – Spot market bidders added to Butter sales, forcing the price 1.5 cents higher at the close and taking the trades count to eight for the week.

Butter finished on $1.5600 but there was no alteration in Cheddar values. Blocks were last traded at $1.9025 and Barrels last movement was to finish 3.25 cents below Blocks at $1.8700.

One bid posted the Nonfat Dry Milk Extra Grade price at a possible $1.8600, one cent higher.

November Class III milk closed at $18.89, up 4 cents and Class IV closed unchanged on $20.49.

November Whey was flat, finishing on $0.5650, while Nonfat Dry Milk dropped fractionally to $1.8725.

Elsewhere in the futures market, cheese edged Higher, remaining just ahead of $1.87.

TheCattleSite News Desk



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