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.
Tuesday Closing Dairy Market Update - USDA Raises Milk Production
GENERAL OVERVIEW: Milk futures were hit hard today, with Class III futures falling more than Class IV futures. The butter price fell ...
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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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MILK Class III milk futures have finished a very volatile week as emotions ran high as a result of the outside influence of the stimul...
