Block cheese price increased 2.50 cents closing at $1.6650 with 3 loads traded. Barrel cheese price remained unchanged at $1.50 with one load traded. There was one offer for a load of blocks remaining at the close of spot trading with no unfilled bids. Buyers did not get pulled in off the sidelines due to the large increase of prices Friday. This increased the concern of the trade that the recent increase could be short-lived as buyers may not be interested in jumping on the bandwagon. Butter price increased 1.25 cents closing at $1.28 with 7 loads traded. Grade A nonfat dry milk price increased 0.50 cents with no loads traded. Dry whey price remained unchanged at 53.50 cents with no loads traded. Class III futures are 25 cents lower to 3 cents higher. May shows the greatest loss. Class IV futures are 3 cents lower. Butter futures are 0.25 cent to 1.22 cents higher. Dry whey futures are 0.15 cent to 0.25 cent lower.
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...