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.
Tuesday Closing Dairy Market Update - Continued Pressure on Milk Futures with Lower Spot Prices
GENERAL OVERVIEW: Class III futures held fairly well today, but some contracts were posting double-digit losses. The market may see ...
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MILK Class III milk futures have finished a very volatile week as emotions ran high as a result of the outside influence of the stimul...
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OUTSIDE MARKETS SUMMARY: CORN: 2 Higher SOYBEANS: 5 Lower SOYBEAN MEAL: ...
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OPENING CALLS: Class III Milk Futures: Mixed Class IV Milk Futures: Mixed B...
