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.
Wednesday Closing Dairy Market Update - March Class III Price Was $18.62
MILK: Traders continue to expect cash prices to remain choppy. Even though cheese prices were higher, nearby futures closed lower wi...

-
OUTSIDE MARKETS SUMMARY: CORN: 1 Lower SOYBEANS: 3 Higher SOYBEAN MEAL: $11...
-
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...
-
In California, milk production is weaker. However, handlers indicate recent herd health challenges have somewhat subsided. Stakeholders conv...