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 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...
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For California, milk production continues to be seasonally stronger. However, many handlers note milk output increase paces are slowing. Som...
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Milk production in California is strong. Some handlers report a sentiment of being firmly in the peak of spring milk output. Central Valley ...
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In California, signs that spring has arrived on time, or even ahead of schedule, continue to be relayed from contacts regarding seasonal mil...
