Friday, May 14, 2021

Friday Midday Dairy Market Summary - Cheese Prices Fall Back

Block cheese just could not find any buyer interest until price had fallen 5.75 cents. Trading then took place between $1.73 and the close at $1.7250. There were six loads traded with no unfilled bids or uncovered offers remaining at the close. Barrels were initially moved 0.75 cent higher before sellers became more aggressive with buyers not willing to step into purchase. Price declined 5 cents, closing at $1.73 with two loads traded. Butter price increased a penny to $1.8750 with one load traded. Grade A nonfat dry milk price slipped a penny, ending at $1.30 with one load traded. Dry whey price increased 0.50 cent, closing at 64 cents with no loads traded. Class III futures are 3 to 31 cents lower. Class IV futures are 14 to 15 cents higher. Butter futures are 0.75 to 2.00 cents higher. Dry whey futures are 0.62 to 2.45 cents higher.




Friday Closing Dairy Market Update - Cheese Futures Make a New Weekly Low

GENERAL OVERVIEW: It was a tough week for cheese futures. Thursday's low futures prices brought the lowest prices we've seen ...