Daily Dairy Trading: Spot Markets See Cheddar Fall, Wednesday
US – Multiple trades forced a drop in spot price Cheddar of five cents for Barrels and 3.75 cents for Blocks.
22 August 2013
1 minute read
This continues losses for the week with both quantities of Cheddar 8.5 cents below Monday’s close at $1.6700 for Blocks and $1.6500 for Barrels – down from $1.7075 yesterday. This came after the biggest trading day of the week with 5 Cheddar trades overall.
Last week’s Cheddar prices averaged around $1.7600 and over.
Contrastingly, Butter lifted 0.25 cents after a quiet start to the week, closing up to $1.3625. No interest was registered for Non-fat Dry Milk which last changed to $1.8000 for Grade A and $1.7500 for Extra Grade.
Futures trading closed Class III milk up three cents to $17.96 as Class IV carried on its long run at $19.15. Class III remained under $18 since dipping below on Monday.
August Cheese edged lower at $1.7740, continuing Tuesday’s drop from Monday’s close of $1.7790.
September Class III milk closed down 37 cents to $17.19.
TheCattleSite News Desk
