Block cheese price increased 2.25 cents closing at $1.5925 with 5 loads traded. Barrel held steady at $1.50 with 8 loads traded. The increase of blocks supported the strength of Class III futures seen since last night. Class III futures have slowly showed more strength after spot trading with March and April contracts limit up. Futures range from unchanged to 75 cents higher. Butter price increased 4.50 cents closing at $1.3250 with 1 load traded. Price is now at the highest level since January 25th. Grade A nonfat dry milk price declined 0.75 cent closing at $1.1125 with 4 loads traded. Dry whey price increased 0.25 ending at 54.25 cents with no loads traded. Class IV futures are 13 cents higher. Butter futures are steady to 2.20 cents higher. Dry whey futures are 0.40 -- 1.60 cents higher.
Friday Closing Dairy Market Update - USDA Raises Milk Production
GENERAL OVERVIEW: Milk futures ended the day lower with most Class III contracts again making new contract lows. USDA increased its milk pro...
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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 ...
