No activity in the cash cheese and nonfat dry milk markets on the Chicago Mercantile Exchange on Monday while butter had 1 unfilled bid and 1 uncovered offer but no change in price. Class III futures drifted lower on the lack of any news in the cash markets.
Cooperatives Working Together (CWT) has accepted 7 requests for export assistance on contracts to sell 921,532 pounds of Cheddar, and Gouda cheese and 7.322 million pounds of whole milk powder to customers in Asia, the Middle East, and North Africa. The product has been contracted for delivery in the period from April through October 2015.
Year-to-date, CWT has assisted member cooperatives who have contracts to sell 25.763 million pounds of cheese, 24.387 million pounds of butter and 7.232 million pounds of whole milk powder to twenty-six countries on five continents.
By Bob Meyer
Source: Brownfield Ag News for America