Block cheese prices remained unchanged at $1.80 with 8 loads traded. Barrel cheese price increase 0.25 cent closing at $1.7975 with 4 loads traded. Blocks traded 1.75 cents lower before aggressive buying brought price back up to unchanged. Buyers and sellers seem comfortable doing business at these levels. Butter price increased 2.75 cents closing at $1.7975 with 11 loads traded. Price moved up to $1.83, but then fell back to the closing price. Grade A nonfat dry milk gained 2 cents closing at $1.31 with 2 loads traded. This is the highest price since Oct. 24, 2014. This will provide increasing support to the Class IV price. Dry whey price increased 1.50 cents, closing at 66 cents with no loads traded. Class III futures are 14 cents lower to 17 cents higher. Class IV futures are 7 cents higher. Butter futures are 0.70 cent to 2.25 cents higher. Dry whey futures are 0.13 cent to 3.50 cents higher.
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...
-
MILK There had been some optimism that lower milk production in February would get the attention of cheese buyers and they would ste...
-
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, ...
-
MILK The had been some hope earlier in the week that spot prices had found a bottom and milk futures would be supported. However, th...