Block cheese continued to weaken with price down 4.50 cents closing at $1.7150 with just one load traded. Barrel cheese price increased 0.25 cent closing at $1.44 with no loads traded. Butter bounced 3.50 cent closing at $1.70 with one load traded. Butter is poised to move above blocks where it has not been quite some time. This will go a long way in eliminating negative Producer Price Differentials. Grade A nonfat dry milk price increased a penny, settling at $1.15 with one load traded. Dry whey price remained unchanged at 61.25 cents with no loads traded. Class III futures are steady to 11 cents lower. Class IV futures are a penny higher in April, which has been the only contract traded. Butter futures are steady to 1.25 cents higher. Dry whey futures are unchanged to 1.50 cent lower.
Friday Closing Dairy Market Update - New Contact Highs in Milk Futures
MILK Milk futures showed strong gains this week with July and later contracts making new contract highs. The gains have been quick a...
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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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Cheese prices moved up on bids and no sales taking place. Blocks increased 0.75 cent, closing at $1.8075 and barrels increased 0.50 cent, ...
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MILK The had been some hope earlier in the week that spot prices had found a bottom and milk futures would be supported. However, th...