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.
Tuesday Closing Dairy Market Update - Dairy Futures Slip
GENERAL OVERVIEW: Class III futures closed under pressure despite the increase in block cheese and dry whey prices. Class IV futures w...
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GENERAL OVERVIEW: Traders had something to get excited over, resulting in milk futures increasing significantly. The strength in che...
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California milk production is seasonally decreasing but still supplying the needs of dairy commodity manufacturers. Processors report milk a...
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GENERAL OVERVIEW: Class III milk futures closed lower in most traded contracts. The weakness of blocks triggered selling as traders ...
