MIDDAY MARKET UPDATE:
Block cheese price remained unchanged at $1.68 with no loads traded. Barrel cheese price gained 2.25 cents, closing at $1.4225 with 5 loads traded. There were 4 unfilled bids remaining at the close. Traders did not view this as bullish as Class III futures are unchanged to 23 cents lower. Futures have actually weakened since spot trading with no supporting influence coming from the rise of butter price. Butter gained 5 cents, closing at $1.36 with 44 loads traded. It was a somewhat surprising price increase with that amount of loads available to the market. There were 6 unfilled bids remaining under the market and one uncovered offer above the market at the close. Grade A nonfat dry milk increased 0.75 cent, closing at $1.0950 with 11 loads traded. Dry whey price remained unchanged at 43 cents with no loads traded. Class IV futures are 7 cents higher. Butter futures are 1.05 cents lower to 0.97 cent higher. Dry whey futures are steady to 0.25 cent higher. Wednesday is the last trading day for the week for the dairy complex.
 |
| #completediaryprogram |
