Block cheese price declined a penny to $1.57 with 6 loads traded. All 6 loads were traded at the closing price. Barrel cheese price declined 2 cents closing at $1.6075 with 4 loads traded. Again, barrel price moved lower before price came back off the lows into the closing price. Thursday, this was thought to indicate barrels had found a bottom, but apparently a bounce back from the low is not a strong indicator of support. Butter was able to carve out anther slight increase of 0.25 cent closing at $1.87. Grade A nonfat dry milk declined 0.50 cent ending at $1.2975 with no loads traded. Dry whey price remained unchanged at 64.50 with no loads traded. Class III futures are 21 cents lower to 4 cents higher with June again taking the brunt of the pressure. Class IV futures are 4 cents higher. Butter futures are 0.42 cent to 1.70 cents higher. Dry whey futures are 0.62 cent lower to 0.60 cent higher.
Friday Closing Dairy Market Update - Fluid Milk Sales Increase
MILK It was a volatile week for Class III futures, but prices at the end of this week were not much higher than at the end of last w...
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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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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, ...
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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...