Monday, February 22, 2021

Monday Midday Dairy Market Summary - Butter Falls Back

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...