Tuesday, May 11, 2021

Tuesday Midday Dairy Market Summary - Cheese Prices Diverge Again

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.




Tuesday Closing Dairy Market Update - December Fluid Milk Sales Increase 2.4%

MILK: Milk futures continue to make new lows on nearly a daily basis. The March Class III contract closed at the lowest level since Aug. 23,...