Block cheese price increased 2.50 cents closing at $1.6650 with 3 loads traded. Barrel cheese price remained unchanged at $1.50 with one load traded. There was one offer for a load of blocks remaining at the close of spot trading with no unfilled bids. Buyers did not get pulled in off the sidelines due to the large increase of prices Friday. This increased the concern of the trade that the recent increase could be short-lived as buyers may not be interested in jumping on the bandwagon. Butter price increased 1.25 cents closing at $1.28 with 7 loads traded. Grade A nonfat dry milk price increased 0.50 cents with no loads traded. Dry whey price remained unchanged at 53.50 cents with no loads traded. Class III futures are 25 cents lower to 3 cents higher. May shows the greatest loss. Class IV futures are 3 cents lower. Butter futures are 0.25 cent to 1.22 cents higher. Dry whey futures are 0.15 cent to 0.25 cent lower.
Monday Morning Dairy Market Update - Traders Begin Week With Caution
OPENING CALLS: Class III Milk Futures: 3 to 5 Lower Class IV Milk Futures: Mixed ...
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OUTSIDE MARKETS SUMMARY: CORN: 1 Lower SOYBEANS: 3 Higher SOYBEAN MEAL: $11...
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Block cheese price increased 1.75 cents, closing at $1.7525 and the highest price it has been since May 7. There were 3 loads changing hand...
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In California, milk production is weaker. However, handlers indicate recent herd health challenges have somewhat subsided. Stakeholders conv...