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Daily Dairy Trading: Bidders Push Cheddar Barrels and Blocks Lower, Monday

08 October 2013

US – Bidding led to a drop in cheddar spot prices yesterday after four trades pushed Barrel prices 2.75 cents lower.

Monday’s trades left Barrels on $1.7225 and Blocks on $1.7600, after falling 0.50 cents which represents the first backward movement in spot cheese for several days.

Last week, Blocks and Barrels averaged at $1.7650 and $1.7215 respectively meaning the gap between the two commodities has contracted slightly.

Butter sold for the unchanged price of $1.6150 with October futures Butter managing $1.5950 by the close.

Elsewhere in the futures market, Class III and IV milk closed at $18.05 and $20.32.

October Cheese finished the day on $1.7790.

TheCattleSite News Desk



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