Blocks added 1.75 cents to end at $1.75 with no loads traded. Barrels moved lower, falling back 0.75 cent to close at $1.50 with one load traded. The spread between blocks and barrels has widened to 25 cents, the widest since Jan. 21, 2021 when it was 26.25 cents. Butter price declined 1.25 cents to $1.68 with 2 loads traded. Grade A nonfat dry milk also moved lower, decreasing 0.25 cent to move to $1.1750 with 2 loads traded. Dry whey price remained at the high of $0.5950 with no loads traded. Class III futures through November 2021 were unchanged to 15 cents higher, while contract months from December and into 2021 were 8 cents lower to unchanged. Class IV futures are mostly steady with the exception of the June 2021 contract, which is trading 20 cents higher. Butter futures are 0.50 cent lower to 1.98 cents higher. Dry whey futures are steady to 0.48 cent higher.
Friday Midday Dairy Market Summary - Butter and Cheese Prices Bounce
OUTSIDE MARKETS SUMMARY: CORN: 6 Higher SOYBEANS: 15 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...