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 Midday Dairy Market Summary - Butter and Cheese Prices Bounce
OUTSIDE MARKETS SUMMARY: CORN: 6 Higher SOYBEANS: 15 Higher SOYBEAN MEAL: ...
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MILK There had been some optimism that lower milk production in February would get the attention of cheese buyers and they would ste...
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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...