Block cheese price increased 4.50 cents, closing at $1.7950 with no loads traded. An unfilled bid set the closing price. Barrel cheese price gained 5 cents, closing at $1.55 with one load traded. An unfilled bid and uncovered offer remained. This turned Class III futures from double-digit losses to double-digit gains in closer months. Later contracts remain mixed. Butter price slipped 0.50 cent, closing at $1.7050 with two loads traded. Grade A nonfat dry milk price declined 1 cent to $1.1625 with no loads traded. Dry whey price remained unchanged at 59.25 with no loads traded. Class III futures are 5 cents lower to 29 cents higher with April showing the greatest gain. Class IV futures are 3 cents lower. Butter futures are 0.50 lower to 0.50 cent higher. Dry whey futures are 0.75 cent lower to 0.57 cent higher.
Friday Closing Dairy Market Update - Butter Trades Limit Higher
GENERAL OVERVIEW: Butter traded 11.5 cents higher in the cash trade today, which led the way for futures to scream higher, closing an...
-
For California, milk production continues to be seasonally stronger. However, many handlers note milk output increase paces are slowing. Som...
-
Milk production in California is strong. Some handlers report a sentiment of being firmly in the peak of spring milk output. Central Valley ...
-
In California, signs that spring has arrived on time, or even ahead of schedule, continue to be relayed from contacts regarding seasonal mil...
