Block cheese price increased 4 cents settling at $1.78 with 10 loads traded. Barrel cheese price gained 3.25 cents closing at $1.69 with 7 loads traded. Buyers became more aggressive in order to take advantage of the lower prices, resulting in quite a bit more activity. Butter declined 2.75 cents closing at $1.85 with 2 loads traded. Grade A nonfat dry milk price increased 0.25 cent ending at $1.2150 with 5 loads traded. Dry whey price increased 1.50 cents closing at 67.50 with one load traded. Class III futures are 7 cents to 56 cents higher with May posting the greatest gain. Class IV futures are 20 cents lower to 2 cents higher. Butter futures are steady to 1.75 cents lower. Dry whey futures are 1.05 cents to 2.65 cents higher.
Friday Closing Dairy Market Update - USDA Raises Milk Production
MILK: Class III milk futures suffered a large setback in response to the decline in cheese prices. Despite the decline, the block ch...
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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...