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.
Thursday Closing Dairy Market Update - The July Class I Price is $21.33
GENERAL OVERVIEW: Class III ended the short trading week mixed. Class IV futures closed with double-digit gains. The July advanced Cl...
-
OUTSIDE MARKETS SUMMARY: CORN: 2 Higher SOYBEANS: 5 Lower SOYBEAN MEAL: ...
-
MILK: Milk futures declined for the week, but not as much as should have been seen according to the drop in the spot cheese and butt...
-
For California, noted milk production differences for this week compared to last week are mixed. Some handlers in California indicate milk p...
