Both block and barrel cheese prices remained unchanged Wednesday at $1.5925 and $1.40 respectively. There were no loads traded in either category. Butter followed suit with price remaining unchanged at $1.28 with one load traded. The positive aspect is that prices did not decline, but the negative aspect is that they did not increase. Buyers have not turned aggressive at these lower prices. Supply is such that they feel they do not need to be as there is sufficient supply out in the country. Grade A nonfat dry milk price increased 2.75 cents ending at $1.1650 with 15 loads traded. Dry whey price increased 1.25 cents closing at 51 cents with 2 loads traded. Class III futures are 2 cents lower to 13 cents higher. Class IV futures are 29 cents lower to 7 cents higher. Butter futures are 0.50 cent lower to 0.60 cent higher. Dry whey futures are 0.80 cent to 2.42 cents higher.
Tuesday Midday Dairy Market Summary - Butter Finds More Aggressive Buyer Interest
OUTSIDE MARKETS SUMMARY: CORN: 1 Higher SOYBEANS: 5 Higher SOYBEAN MEAL: ...
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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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OUTSIDE MARKETS SUMMARY: CORN: 1 Lower SOYBEANS: 3 Higher SOYBEAN MEAL: $11...
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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...