Daily Dairy Trading: Trading Interest Shown for Cheese on Wednesday

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.
calendar icon 24 October 2013
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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

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