Block cheese price declined 4.25 cents closing at $1.6175 with 7 loads traded. Barrels declined 2.75 cents closing at $1.42 with 2 loads traded. This put substantial pressure back on Class III futures with contracts steady to 44 cents lower. March is posting the greatest loss. Futures activity has increased but remains rather light. Butter price declined 2.75 cents closing at $1.47 with 7 loads traded. Grade A nonfat dry milk price increased a penny to $1.1325 with 14 loads traded. Dry whey price increased a penny to 55.75 with one load traded. Class IV futures are 4 cents higher. Butter futures are 0.25 cent to 2.02 cents higher. Dry whey futures 0.17 cent to 0.80 cent higher. The weakness of cheese and butter increases trader caution again. USDA will release the January Agricultural Prices report Friday. Significant Dairy Margin Coverage payment are expected again.
Thursday Closing Dairy Market Update - Report Says Dairy Cattle Slaughter Down
MILK Milk futures continued their pattern of volatility with prices rebounding from Wednesday's losses. It seemed the markets re...
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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...