Friday, April 30, 2021

Friday Midday Dairy Market Summary - Butter Falls Back

Block cheese price slipped 0.25 cent closing at $1.80 with 7 loads traded. Sellers seemed intent on moving supplies. One unfilled bid remained at the close. Barrel cheese price increased 2 cents closing at $1.8350 with 2 loads traded. Butter price declined 5.25 cents closing at $1.7525 with 9 loads traded. Grade A nonfat dry milk gained 0.50 cent ending at $1.3250 with 9 loads traded. Dry whey price declined 1.50 cents closing at 66 cents with one load trade. Class III futures are mixed ranging from 7 cents lower to 7 cents higher. Class IV futures have not yet traded. Butter futures are 1.20 -- 2.75 cents lower. Dry whey futures are 0.05 -- 0.90 cent lower. USDA will release the March Agricultural Prices report Friday, providing average prices of commodities that will be used to determine income over feed.




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...