Both block and barrel cheese increased Thursday. Blocks gained 3 cents closing at $1.70 with 2 loads traded. Barrels increased 2 cents closing at $1.46 with one load traded. This was certainly positive for the market, resulting in Class III futures turning higher with some contracts posting double-digit gains. However, the strength has been rather limited. Futures are 4 cents lower to 19 cents higher. Only front-month March shows a loss. June shows the greatest gain. Butter price increased 1.50 cents closing at $1.7375 with no loads traded. This is the highest price since July 14, 2020. Grade A nonfat dry milk gained 2 cents ending at $1.17 with 12 loads traded. Dry whey price remained unchanged at 62.75 with no loads traded. Class IV futures have not yet traded. Butter futures are unchanged to 2.02 cents higher. Dry whey futures are 0.25 cent lower to 0.75 cent higher. USDA will release the February Livestock Slaughter report Thursday afternoon.
Wednesday Closing Dairy Market Update - Light Trading Activity Resulted in Limited Volatility
OVERVIEW: Class III futures price movement was rather uneventful. Trading volume was very light as traders saw insufficient volatili...

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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...
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OPENING CALLS: Class III Milk Futures: Mixed Class IV Milk Futures: Mixed B...
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OUTSIDE MARKETS SUMMARY: CORN: 1 Lower SOYBEANS: 6 Lower SOYBEAN MEAL: ...