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 IV Futures Close at New Contract Highs
GENERAL OVERVIEW: It was a strong end to the week. Class III futures closed lower for the week while Class IV futures closed higher. ...
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OUTSIDE MARKETS SUMMARY: CORN: 2 Higher SOYBEANS: 5 Lower SOYBEAN MEAL: ...
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MILK: Milk futures declined for the week, but not as much as should have been seen according to the drop in the spot cheese and butt...
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MILK Class III milk futures have finished a very volatile week as emotions ran high as a result of the outside influence of the stimul...
