Block cheese price increased 1.75 cents, closing at $1.6150 with 10 loads traded. Barrel cheese price increased 0.50 cent, closing at $1.47 with 10 loads traded. Barrel price initially declined slightly before buyer interest moved it back to positive territory. Traders seemed to anticipate cheese prices would show greater strength. similar to what took place a week ago. Even though prices moved higher, the gain was a bit disappointing. However, most futures are holding well with contracts ranging from 18 cents lower to 22 cents higher. January shows the greatest loss with February showing the greatest gain. Butter price declined 3.25 cents, closing at $1.4925 with no loads traded. Grade A nonfat dry milk price declined 0.50 cent, closing at $1.1425 with no loads traded. Dry whey price remained unchanged at 46.75 with no loads traded. Class IV futures are 5 to 18 cents lower. Butter futures are 0.75 cent lower to 0.05 cent higher. Dry whey futures are 0.20 cent higher.
Tuesday Closing Dairy Market Update - Class III, IV Futures Under Pressure
MILK Traders anticipated and waited for the market to move higher on Tuesday. When support came from increasing underlying cash pric...
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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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Cheese prices moved up on bids and no sales taking place. Blocks increased 0.75 cent, closing at $1.8075 and barrels increased 0.50 cent, ...
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MILK The had been some hope earlier in the week that spot prices had found a bottom and milk futures would be supported. However, th...