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 - Butter and Cheese Prices Showed Limited Change from Last Week
OVERVIEW: Milk futures posted a strong close in response to the increase in spot prices. Trading volume was large, with the November...
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MILK Class III milk futures have finished a very volatile week as emotions ran high as a result of the outside influence of the stimul...
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OPENING CALLS: Class III Milk Futures: Mixed Class IV Milk Futures: Mixed B...
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Block cheese price climbed 7 cents to move to $1.66, although the last trade was a penny lower at $1.65. Blocks had improved volume as well...
