Block cheese declined 2 cents closing at $1.74 with no loads traded. This is the third day block price fell with sellers unable to uncover any buyer interest. Barrel cheese price declined 2.25 cents closing at $1.6575 with 2 loads traded. Price initially declined to $1.6475 before it came back by the close. There were 3 unfilled bids remaining under the market with those bids posted 6 cent to 8 cents lower. Butter price remained unchanged at $1.8775 with 2 loads traded. Grade A nonfat dry milk price gained 0.75 cent ending at $1.2125 with 8 loads traded. Dry whey price remained unchanged at 66 cents. Class III futures are 32 cents lower to 10 cents higher. The gain is in front-month April as the contract is basically priced by the trade and should flat-line for the next 2 1/2 weeks until the price announcement. Other contacts are quite a bit off their lows that were established early in the day. Class IV futures are 10 cents higher. Butter futures are 1.70 lower to 0.72 cent higher. Dry whey futures are 0.30 cent to 1.75 cents higher.
Friday Closing Dairy Market Update - May Milk Production Increases 1.6%
MILK: It was a holiday-shortened week, but it was not kind to milk futures. The underlying cash prices eroded substantially, taking ...

-
OUTSIDE MARKETS SUMMARY: CORN: 1 Lower SOYBEANS: 3 Higher SOYBEAN MEAL: $11...
-
In California, milk production is weaker. However, handlers indicate recent herd health challenges have somewhat subsided. Stakeholders conv...
-
OUTSIDE MARKETS SUMMARY: CORN: 1 Lower SOYBEANS: 6 Lower SOYBEAN MEAL: ...