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Daily Dairy Trading: Butter Continues Climbing After Big Week

24 September 2013

US – Spot trading commenced the week steadily, although Butter still reported three trades on the day, registering a 0.5 cent increase to $1.6050.

This maintains a strong run of trades which has continued to push Butter values higher, now 6.5 cents above the prior week average after over 70 trades were reported last week.

Cheddar on the other hand slipped back. One offer was made for Blocks of $1.7825, down 1.25 cents and three barrels were sold, down 2.25 cents at $1.7450.

This means almost four cents separates the cheese quantities.

There was still no change seen in Non-fat Dry Milk with Extra Grade staying unchanged on $1.7800 and Grade A comfortably above at $1.8450.

Futures trading left Class III October milk down 17 cents to $17.92. Class IV moved higher to $20.10.

TheCattleSite News Desk

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