Daily Dairy Trading: Prices Continue to Build, Wednesday
US – The market continued to make gains in the future and spot trading yesterday, with Class IV December milk closing 10 cents higher at $21.25.
28 November 2013
1 minute read
This is 21 cents above Monday’s close of $21.04, as is Class III’s current standing at $18.47, up four cents on Wednesday’s close and 21 cents above Monday’s value of $18.26.
December Cheese edged higher, finishing on $1.8140. Nonfat Dry Milk closed up one cent to $1.9300 and Butter also lifted to $1.5850.
Spot markets saw Butter and Cheddar lift, according to the Agricultural Marketing Service.
Barrels sold well, registering six trades changing up 0.75 cents to $1.7775. However, Blocks made the biggest gains (+1.50 cents) and closed eleven cents above Barrels at $1.8800.
Three trades pushed Butter 1.5 cents higher to $1.6500.
TheCattleSite News Desk
