Butter | Butter Hits Its Highest Price Since January

Spot butter advanced to $2.9350/lb, the highest price since January in the CME spot dairy product auction.

Block cheese held steady at $2.2475/lb. Barrel cheese fell to $2.2750/lb. Dry Whey ticked up to $0.55/lb. NFDM gained a quarter of a penny to $1.87/lb.

Class III milk futures slowly grinded higher Thursday. June milk lost 14 cents to $24.31/cwt. July milk remained steady at $24.70/cwt. Class IV milk futures climbed on the day. July traded to $26.12/cwt.

The grain markets rebounded slightly after yesterday’s beatdown. December corn added 2.75 cents to $6.9425/bushel. November soybeans advanced 26.50 cents to $15.4175/bu. December soybean meal gained 60 cents to $399.00/ton. July Chicago Wheat surged 17 cents to $10.5825/bu.

The livestock sector was higher on the day. June live cattle moved 82 cents higher to $133.62/cwt. August feeder cattle rallied $3.22 to $172.95/cwt. June lean hogs settled 25 cents higher to $110.05/cwt. July crude oil increased $2.32 to $117.58/barrel.

Look also

a2MC eyes own processing plant, more Chinese labels

The a2 Milk Company (a2MC) says securing more China label registrations and developing its own nutritional manufacturing capability are high on its agenda.

You may be interested in

Calls for dairy industry to stop killing healthy calves for milk production

a2MC eyes own processing plant, more Chinese labels

‘Robust Dairying for Future Challenges’

Topics |
Butter, price

Legal notice about Intellectual Property in digital contents. All information contained in these pages that is NOT owned by eDairy News and is NOT considered “public domain” by legal regulations, are registered trademarks of their respective owners and recognized by our company as such. The publication on the eDairy News website is made for the purpose of gathering information, respecting the rules contained in the Berne Convention for the Protection of Literary and Artistic Works; in Law 11.723 and other applicable rules. Any claim arising from the information contained in the eDairy News website shall be subject to the jurisdiction of the Ordinary Courts of the First Judicial District of the Province of Córdoba, Argentina, with seat in the City of Córdoba, excluding any other jurisdiction, including the Federal.