Block cheese price increased 3.25 cents, closing at $1.57, with two loads traded. Barrel cheese price remained unchanged at $1.4125 with no loads traded. Butter declined 4 cents, closing at $1.51, with no loads traded. There was a bid placed at $1.50 with no interest by the buyer to raise that bid. The seller continued to offer the price lower in the attempt to sell a load, but to no avail. After six consecutive days of increase with price gaining 28 cents, it came to a halt Monday. It is unclear whether this could be the beginning of the end of the trend higher or if it is just a correction in a bullish market. Grade A nonfat dry milk price increased $0.50, closing at $1.0925, with two loads traded. Dry whey price remained steady at 54.75 cents with no loads traded. Class III futures are 3-10 cents higher. Class IV futures have not yet traded. Butter futures are 2.95 cents lower to 0.65 cent higher. Dry whey futures are 0.22 cent lower to 0.65 cent higher.
Thursday Closing Dairy Market Update - Class III Milk Futures Close Lower
MILK Class III milk futures close the week lower with April, May and June months falling to new contract lows. The decline of Americ...
-
OUTSIDE MARKETS SUMMARY: CORN: 6 Higher SOYBEANS: 10 Higher SOYBEAN MEAL: ...
-
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, ...
-
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...