Tuesday, February 16, 2021

Tuesday Midday Dairy Market Summary - Butter Extends Gains

Both block and barrel cheese prices remained unchanged at $1.5575 and $1.49 respectively with no loads traded. There was an offer posted at $1.60 that remained through the close of trading. There were no bids or offers remaining at the close of spot trading. Butter had a strong increase with price gaining 6 cents closing at $1.4550 with 2 loads traded. There were unfilled bids for 7 loads remaining at the close. Grade A nonfat dry milk price gained 0.25 cent closing at $1.1150 with 4 loads traded. Dry whey price remained unchanged at $54.25 with no loads traded. Class III futures are 5 cents lower to 13 cents higher. Class IV futures have not yet traded. Butter futures 0.82 cent 4.62 cents higher. Dry whey futures are 0.15 cent lower to 0.15 cent higher.




Strong supplies pressures prices

Global and domestic milk production remains strong entering 2026, with ample supplies continuing to weigh on market sentiment. Nearly all ma...