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.
Tuesday Closing Dairy Market Update - Cheese Exports Posted Another Year-Over-Year Gain
MILK: The volatile movement of the block cheese price was not influenced by any news or report. No one wanted to buy until the price...
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MILK There had been some optimism that lower milk production in February would get the attention of cheese buyers and they would ste...
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OUTSIDE MARKETS SUMMARY: CORN: 1 Lower SOYBEANS: 3 Higher SOYBEAN MEAL: $11...
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Block cheese price increased 1.75 cents, closing at $1.7525 and the highest price it has been since May 7. There were 3 loads changing hand...