Offshore markets were firm overall, Class IV up (and well above Class III which was mixed), Cheese was mixed as well and butter was very firm.
OMF NZ Futures Market report – May 26, 2014
We saw some large flow through the WMP Futures Friday where over 2000 lots were crossed through the market. 750 lots of July WMP traded at $3975 – up $10, 780 lots of August WMP at $4085 – also up $10 and 750 lots of September at $4135 – down $5. There isn’t too much we can comment on this particular trade other than to say prices seemed far relative to the market and both parties were willing to deal.
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