What's probably a one-day record spot market sales of AA butter on the Chicago Mercantile Exchange (CME) was set on Tuesday of this week.
Twenty-five carloads were sold and a bid for five more carloads was not filled as the price gained 1.5 cent per pound.
That volume was sold in 10 different transactions of one-seven carloads each and at eight different prices based on accepted bids or offers.
Seven carloads of AA butter had been sold in the spot market on Friday, Aug. 23 - the same day on which 13 carloads of Cheddar cheese blocks and five of Cheddar barrels were sold.
The sales momentum for AA butter continued through Wednesday of this week as four more carloads were sold and one uncovered offer to sell was placed.
The price rose by two cents per pound on Wednesday to close at $1.43.
Cheddar cheese also continued a price run on the CME, adding 2 cents per pound and 3.5 cents for barrels on Wednesday as the result of unfilled bids to buy.
This put the day's closing prices at $1.75 and $1.74 per pound respectively, up by eight and nine cents from a week earlier.
Spot market non-fat dry milk prices stood at $1.80 per pound for Grade A and $1.78 for Grade Extra with no market activity for the first three days of this week.
Dry whey futures prices traded in green ink territory for September through May on Wednesday as the prices were sloped gradually downward from 58 cents per pound for September to 51.5 cents for May of 2014.
Despite the price movement for dairy commodities on Wednesday, the greatest price changes in the Class III milk futures market were gains of 12 cents per hundred for September and 13 cents for October, putting the latter month at a market board high of $18.05 per hundred.
Other Class III futures prices late in the day's trading session were in the $17s per hundred for the remaining months of 2013 and in the $16s for all months of 2014.
Cooperatives Working Together has announced the receipt of a batch of nine bids from the Maryland and Virginia Milk Producers Cooperative and Darigold Cooperative of Seattle, WA.
The bids were for financial assistance on the export of 3.296 million pounds of Cheddar, Gouda, and Monterey Jack cheese and 493,284 pounds of butter to buyers in Asian and European countries.
Delivery schedules run from August-February in 2014.