Both block and barrel cheese prices remained unchanged during spot trading Friday at $1.5750 and $1.39 respectively. There were no trades in either one. Only offers for two loads of blocks and a load of barrels were placed Friday. No buyers showed up looking to do any business. Butter price declined 2.25 cents closing at $1.2450 with no loads traded. Offers to sell 2 loads pushed price lower. This increased the idea that price may be headed for the low set in April 2020. Grade A nonfat dry milk price remained unchanged at $1.1725 with 8 loads traded. Dry whey price increased 0.50 cents closing at 53.50 cents with one load traded. Class III futures are 13 cents lower to 9 cents higher. Class IV futures are 16 cents lower to 6 cents higher. Butter futures are 1.00 cent to 3.75 cents lower. Dry whey futures are 0.10 cent lower to 0.32 cent higher. USDA will release the December Agricultural Prices and the Cattle Inventory report Friday.
Wednesday Closing Dairy Market Update - March Inventory Remains Close to a Year Ago
MILK The recent bullishness of Class III futures came to an abrupt halt with contracts declining substantially over the past two day...
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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...