Block cheese price was on a little bit of a roller coaster Monday with price first increasing, then slipping back before gaining further strength to close 2.75 cents higher at $1.7475 with 7 loads traded. More loads were traded Monday than all of last week. Barrel cheese price increased 1.75 cents closing at $1.48 with no loads traded. Butter price increased 1.75 cents closing at $1.7925 with one load traded. Grade A nonfat dry milk price increased 0.50 cent ending at $1.1750 with one load traded. Dry whey price remained unchanged at 62.75 cents. Class III milk futures are mixed, but mostly higher. Contracts range from 13 cents lower to 21 cents higher. Class IV futures are have not yet traded. Butter futures are 1.67 cents to 4.00 cents higher. Dry whey futures are 0.005 cent lower to 1.30 cents higher. Futures are moving on more of a calculated basis rather than with emotional swings.
Tuesday Midday Dairy Market Summary - Butter Finds More Aggressive Buyer Interest
OUTSIDE MARKETS SUMMARY: CORN: 1 Higher SOYBEANS: 5 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...