120t of butter was traded across April, May and June contracts. Each contract lifted by US$20/t. 370t of WMP was traded for May, July and August contracts. The May and July contracts lifted by US$30/t and US$25/t respectively. The August contract did not move in price.
Prices have moved little from a week ago. WMP, skim milk powder (SMP) and anhydrous milkfat (AMF) prices are all mostly in line with what they were achieving a week ago. Butter prices are lower for almost all contracts. Compared to a month ago, milk powders (WMP and SMP) are lower than the prices they were achieving while fats (AMF and butter) are above the prices they were achieving.
Compared to a week ago, open interest positions for WMP futures are down for the February and March contracts, while the contracts for April, May and June closed last week with more open positions. Similarly, for butter futures, January, February and March contracts closed the week with fewer open positions than a week earlier, while April, May and June contracts closed the week with more open positions. For AMF, the February contract closed the week with more open positions and the March contract with fewer open positions. SMP contracts had no change.
