Wednesday, January 27, 2021

Wednesday Midday Dairy Market Summary - Cheese and Butter Prices Hold

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 - Milk Futures Show Limited Volatility

GENERAL OVERVIEW: Class III futures closed lower while Class IV contracts were mixed. Traders again found little to set market direct...