Block cheese price increased 2.25 cents, closing at $1.6525 with 8 loads traded. Barrel cheese price increased 2.25 cents, closing at $1.4575 with 5 loads traded. There was an unfilled bid for a load of blocks and a load of barrels. Butter price increased 3 cents, closing at $1.4750 with 8 loads traded. Grade A nonfat dry milk price increased 0.50 cent, ending at $1.1425 with one load traded. Dry whey price remained unchanged at 46.75 with no loads traded. Class III futures are 5 cents lower to 36 cents higher. Front-month December shows the only loss while February shows the greatest gain. Futures are well off their highs but retain nice gains. If futures can hold into the close, it will be the highest close for February through June contracts. Class IV futures have not yet traded. Butter futures are 0.67 to 2.00 cents higher. Dry whey futures are 0.95 cent lower to 0.10 cent higher.
Friday Closing Dairy Market Update - Milk Futures Close Strong
GENERAL OVERVIEW: Milk futures closed substantially higher. This was unexplained for Class III futures as spot cheese prices declined...
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In California, signs that spring has arrived on time, or even ahead of schedule, continue to be relayed from contacts regarding seasonal mil...
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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...
