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.
Wednesday Midday Dairy Market Summary - Futures Decline Despite Higher Cash
OUTSIDE MARKETS SUMMARY: CORN: 2 Lower SOYBEANS: 6 Lower SOYBEAN MEAL: ...
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OUTSIDE MARKETS SUMMARY: CORN: 2 Higher SOYBEANS: 5 Lower SOYBEAN MEAL: ...
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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...
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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...
