Block cheese price initially moved to $1.81 or 2 cents higher before buyer interest was satisfied and an offer moved price back down to end with a gain of a penny with 2 loads traded. Barrel cheese price initially increased 0.25 cent before an offer pushed price down 1.25 cents to $1.54 with 2 loads traded. Only offers for cheese remained at the close of trading. Class III futures were higher with some contracts posting double-digit gains until spot cheese traded. Futures then lost ground with most contracts moving lower in closer months. Futures are currently 20 cents lower to 11 cents higher. Butter price remained steady at $1.7150 with no loads traded. Grade A nonfat dry milk gained 0.25 closing at $1.1725 with no loads traded. Dry whey price increased 0.25 closing at 59.50. Class IV futures are 10 cents to 11 cents higher. Butter futures are 0.60 cent lower to 1.70 cents higher. Dry whey futures are 0.20 cent lower to 0.13 cent 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...