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.
Wednesday Closing Dairy Market Update - Class IV Futures Show Double-digit Losses
OVERVIEW: Class III futures gained some strength later in the day, with most traded contracts posting gains. Class IV contracts show...
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MILK Class III milk futures have finished a very volatile week as emotions ran high as a result of the outside influence of the stimul...
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OPENING CALLS: Class III Milk Futures: Mixed Class IV Milk Futures: Mixed B...
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OUTSIDE MARKETS SUMMARY: CORN: 1 Lower SOYBEANS: 6 Lower SOYBEAN MEAL: ...
