Daily Dairy Trading: Strong Trades Carry Butter Higher, Friday
US – Butter and Cheese prices built through the week with the week’s spot price closing strongly, over seven cents above the prior week average.
2 September 2013
1 minute read
Cheddar Blocks saw five trades force values 5.50 cents higher to $1.7825, the highest for the week and 9. 25 cents up on the prior week average. Barrels gained 6.5 cents through the week, closing on $1.7700.
Butter had three trades on Friday which inched prices 0.25 cents higher to $1.4375 and brought the trade tally to 35 for the week.
No interest was recorded for Non-fat Dry Milk which has remained on $1.8000 for Grade A standard and $1.7800 for Extra Grade from the last movement registered during the previous week.
The futures market strengthened a little. September Class III milk moved 21 cents higher to $17.83.
September Cheese moved to $1.763 from $1.7380. Non-fat Dry Milk edged higher to $1.7995 and September Butter lifted 3.75 cents to $1.4600.
Class IV milk for September closed unchanged on $19.42 from Wednesday.
TheCattleSite News Desk
