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.
Thursday Closing Dairy Market Update - Stage Set for Higher Prices on Friday
GENERAL OVERVIEW: Class III futures were higher despite a slight decline in the block cheese price and the steady dry whey price. Cla...
-
In California, signs that spring has arrived on time, or even ahead of schedule, continue to be relayed from contacts regarding seasonal mil...
-
OUTSIDE MARKETS SUMMARY: CORN: 2 Higher SOYBEANS: 5 Lower SOYBEAN MEAL: ...
-
Milk production in California is strong. Some handlers report a sentiment of being firmly in the peak of spring milk output. Central Valley ...
