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 - February Milk Output Up 2.9%
GENERAL OVERVIEW: Milk futures were higher in light trading activity following the increase in spot prices. The USDA released the Fe...
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OUTSIDE MARKETS SUMMARY: CORN: 2 Higher SOYBEANS: 5 Lower SOYBEAN MEAL: ...
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MILK: Milk futures declined for the week, but not as much as should have been seen according to the drop in the spot cheese and butt...
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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...
