Since last Thursday, the block price is up 4.50 cents at $1.7375; there have been 6 trades. The barrel price was 6.50 cents higher at $1.6625 with 7 trades. The spread is 7.50 cents, outside the historical range of 3 to 5 cents.
Spot session results:
Block cheese: $1.7375 (up 4.5 cents)
Barrel cheese $1.6625 (up 2 cents)
Grade A NFDM: $1.6825 (up 3.25 cents)
Butter: $1.70 (up 5 cents)
These data and comments are provided for information purposes only and are not intended to be used for specific trading strategies. Commodity trading is risky and FCStone Group, Inc., INTL FCStone Inc., and their affiliates assume no liability for the use of any information contained herein. Although all information is believed to be reliable, we cannot guarantee its accuracy and completeness. Past financial results are not necessarily indicative of future performance. Any examples given are strictly hypothetical and no representation is being made that any person will or is likely to achieve profits or losses similar to those examples. References to and discussions of exchange traded products are made solely on behalf of FCStone, LLC. References to and discussions of OTC products are made solely on behalf of INTL Hanley, LLC, and OTC products are only available to eligible counterparties.