Cheese prices moved up on bids and no sales taking place. Blocks increased 0.75 cent, closing at $1.8075 and barrels increased 0.50 cent, closing at $1.5850. There were bids and offers placed during spot trading, but the offers were about 10 cents higher. Buyers were not interested in bidding any higher. Butter increased 3 cents, closing at $1.8450 with eight loads traded. Price did move to $1.8475 but slipped back into the close of spot trading. Grade A nonfat dry milk price gained 1.25 cents, closing at $1.2050 with three loads traded. Like butter, price initially moved to $1.2075 before slipping back. Dry whey price declined 2 cents, closing at 64 cents. This is the first price decline since March 10. Class III futures are 2 to 34 cents higher with June showing the greatest gain. Class IV futures are 10 to 21 cents higher. Butter futures are 0.60 cent lower to 1.00 cent higher. Dry whey futures are 1.00 to 2.75 cents lower.
Thursday Closing Dairy Market Update - Traders Find Little Price Direction
MILK: It is interesting that there have been reports of processors having difficulty finding milk for processing due to the tight sp...
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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...