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 Closing Dairy Market Update - USDA Increased Milk Production and Lower Milk Prices
GENERAL OVERVIEW: Class III milk futures closed lower in most traded contracts. The weakness of blocks triggered selling as traders ...
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OUTSIDE MARKETS SUMMARY: CORN: 2 Higher SOYBEANS: 5 Lower SOYBEAN MEAL: ...
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For California, noted milk production differences for this week compared to last week are mixed. Some handlers in California indicate milk p...
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MILK: Milk futures declined for the week, but not as much as should have been seen according to the drop in the spot cheese and butt...
