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, with 11 loads traded. Barrels moved up 6.50 cents to close at $1.4475 with 3 loads traded. Class III prices worked higher with the support of spot cheese prices. April was limit high at $17.40. The remaining contract months through the end of the year were 11 cents to 49 cents higher. Butter price increased 3.25 cents to end at $1.4975 with 2 loads traded. Grade A nonfat dry milk price jumped 2.75 cents with eight loads traded. Dry whey also had a positive day, adding 0.25 cent to move to 54.75 cent with one load traded. Class IV futures from April through June are 7 cents to 25 cents higher. Other Class IV contracts have remained quiet yet Thursday. Butter futures are unchanged to 4 cents higher. Dry whey futures are steady to 1.85 cents higher.
Thursday Closing Dairy Market Update - Class IV Futures Close Sharply Higher
GENERAL OVERVIEW: Despite the weakness in spot cheese prices, the strength in dry whey supported Class III futures, allowing them to ...
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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: Traders had something to get excited over, resulting in milk futures increasing significantly. The strength in che...
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OUTSIDE MARKETS SUMMARY: CORN: 2 Higher SOYBEANS: 5 Lower SOYBEAN MEAL: ...
