milk price | Milk Price Futures Remain Mixed

Spot butter continues to search for a direction, regaining most of the ground it gave up yesterday. Prices settled at $2.6900 per pound, gaining 1.5 cents, with one load exchanged.

CME blocks and barrels neared convergence. Spot blocks dipped to $1.8950 per pound, giving up a half cent, while barrels climbed to $1.8900 per pound, two cents higher. Six lots of blocks and zero loads of barrels traded.

Spot butter continues to search for a direction, regaining most of the ground it gave up yesterday. Prices settled at $2.6900 per pound, gaining 1.5 cents, with one load exchanged. Meanwhile, spot NDM got a bump from GDT Pulse, advancing to $1.3875 per pound, up $0.0125. Twelve lots changed hands.

Milk powder prices jumped at this week’s GlobalDairyTrade Pulse. SMP climbed to $2,860 per metric ton, or $1.30 per pound, up 2.0% versus the previous Pulse and +4.6% from Contract 2 at the latest main event. WMP rose to $3,622 per metric ton, or $1.64 per pound, up 2.0% compared to the last Pulse and +2.7% versus Contract 2 at the most recent main auction

Class III futures were mixed, with the November contract up nine cents to $20.22 per hundredweight and December down 16 cents to $19.94. Class IV rose on the heels of the advances in spot butter and NDM. December futures climbed to $21.16 per hundredweight, adding 15 cents, while Q1 contracts settled at $21.24, up nine cents.

Ever.Ag – The risk of loss trading commodity futures and options can be substantial. Investors should carefully consider the inherent risks in light of their financial condition. The information contained herein has been obtained from sources to be reliable, however, no independent verification has been made. The information contained herein is strictly the opinion of its author and not necessarily of Ever.Ag and is intended to be a solicitation. Past performance is not indicative of future results.

You can now read the most important #news on #eDairyNews #Whatsapp channels!!!

🇺🇸 eDairy News INGLÊS: https://whatsapp.com/channel/0029VaKsjzGDTkJyIN6hcP1K

Look also

Rising Butter Prices Give European Consumers and Bakers a Bad Taste

The price for the butter so essential to the pastries has shot up in recent months, by 25% since September alone, Delmontel says.

You may be interested in

Ag observer says dairy industry is up against many challenges in the year ahead

Rising Butter Prices Give European Consumers and Bakers a Bad Taste

The shape of things to come: Global dairy markets

Topics |
milk 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.