Block cheese price remained steady at $1.5850 with no buyers or sellers showing up to do any business. Barrel cheese price declined 2 cents, closing at $1.40 with 3 loads traded. This turned Class III futures from posting gains to losses with some of those losses increasing as the day moved forward. Current futures are 24 cents lower to 3 cents higher. January is taking the brunt of the selling pressure. Butter price increased 0.25 cent, closing at $1.48 with 8 loads traded. Grade A nonfat dry milk declined 0.75 cent, ending at $1.15 with 9 loads traded. Dry whey price increased a penny to 46.25 cents with 2 loads traded. Class IV futures are 4 cents lower. Butter futures are 0.10 to 2.12 cents lower. Dry whey futures are 0.25 to 1.13 cents higher.
Friday Closing Dairy Market Update - Class III Futures Close Lower for the Week
GENERAL OVERVIEW: Milk futures closed with mostly double-digit gains. Class III futures closed mostly higher despite weakness in the b...
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GENERAL OVERVIEW: Traders had something to get excited over, resulting in milk futures increasing significantly. The strength in che...
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California milk production is seasonally decreasing but still supplying the needs of dairy commodity manufacturers. Processors report milk a...
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GENERAL OVERVIEW: Class III milk futures closed lower in most traded contracts. The weakness of blocks triggered selling as traders ...
