Block cheese price fell 7 cents closing at $1.83 with 5 loads traded. Barrel cheese price slipped 0.25 cent ending at $1.5725 with 8 loads traded. The weakness of blocks of this magnitude is a surprise. The influence of the Food Box program seems to have run its course. The influence from the USDA pre-solicitation announced Wednesday for dairy purchases and the hope for more support for dairy from the proposed new stimulus after the new administration takes office, is being overshadowed by actual supply and demand. The cash market is the determining factor of market prices. Butter slipped a penny nearly eliminating the gain of Thursday. Price closed at $1.29 with 13 loads traded. Grade A nonfat dry milk remained steady at $1.20 with 13 loads traded. Dry whey gained 2 cents with 53 cents with one load traded. Class III futures are 1-25 cents higher. Class IV futures are 2 cents to 12 cents higher. Butter futures are 0.55 cents lower to 3.57 cents higher. Dry whey futures are 1.00 cent to 1.52 cents higher.
Friday Closing Dairy Market Update - Fluid Milk Sales Increase
MILK It was a volatile week for Class III futures, but prices at the end of this week were not much higher than at the end of last w...
-
MILK There had been some optimism that lower milk production in February would get the attention of cheese buyers and they would ste...
-
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, ...
-
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...