US – Dairy markets closed mixed with profit taking on near contracts as the spot floor saw little trading activity.
March Class III milk lifted 21 cents to close on $22.10, the Chicago Mercantile Exchange reported yesterday.
Small to moderate losses were made on contracts from beyond April, which closed unchanged on $20.26.
A similar pattern was recorded for Class IV with March edging two cents higher to $23.16.
April Class IV to July closed over 20 cents lower. April closed on $22.56, May on $21.90 and June slipped 28 cents to $21.25.
Cheese closed lower across the spring and summer with light gains from September onwards.
March Cheese closed on $2.158.
March Non-fat Dry Milk settled on $205.000, slightly higher. April slipped to $199.300.
March and April Butter both made gains to take prices in advance of $183.400. May closed unchanged at $180.500 - almost three cents beneath this level.
In the spot market, two Cheddar barrel trades were confirmed at a closing price of $2.21275 – 3.25 cents lower.
One bid was made for Non-fat Dry Milk at an unchanged price of $2.0275.
TheCattleSite News Desk