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 - USDA Raises Milk Production
GENERAL OVERVIEW: Milk futures ended the day lower with most Class III contracts again making new contract lows. USDA increased its milk pro...
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GENERAL OVERVIEW: Traders had something to get excited over, resulting in milk futures increasing significantly. The strength in che...
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California milk production is seasonally decreasing but still supplying the needs of dairy commodity manufacturers. Processors report milk a...
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GENERAL OVERVIEW: Class III milk futures closed lower in most traded contracts. The weakness of blocks triggered selling as traders ...
