Block cheese price closed 0.25 cent higher ending at $1.77 with 5 loads traded. Barrels closed 0.50 cent lower at $1.69 with 5 loads traded. Both of these moved lower before buyers came back in and moved it higher limiting the losses in the barrels and pushing it back up in the blocks. Butter buyers were more aggressive pushing price 3 cents higher closing at $1.8125 with 3 loads traded. Grade A nonfat dry milk price remained steady at $1.3225 with no loads traded. Dry whey price also remained steady at 62.75 with 1 load traded. Class III futures are 1 cent to 19 cents higher. Class IV futures are 9 cents higher. Grain futures are roaring back from Monday's losses, possibly generating some spillover buying in milk futures. Butter futures are 0.52 cent to 3.00 cents higher. Dry whey futures are 0.40 cent lower to 1.00 cents higher.
Friday Closing Dairy Market Update - USDA Raises Milk Production
MILK: Class III milk futures suffered a large setback in response to the decline in cheese prices. Despite the decline, the block ch...
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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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OUTSIDE MARKETS SUMMARY: CORN: 1 Lower SOYBEANS: 3 Higher SOYBEAN MEAL: $11...
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Block cheese price increased 1.75 cents, closing at $1.7525 and the highest price it has been since May 7. There were 3 loads changing hand...