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 - Cheese Spot Volatility
GENERAL OVERVIEW: The spot market for cheese blocks has driven the headlines this week. A volatile week with big gains and losses only...
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GENERAL OVERVIEW: Milk futures closed with mostly double-digit gains. Class III futures closed mostly higher despite weakness in the b...
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OUTSIDE MARKETS SUMMARY: CORN: 25 Lower SOYBEANS: 14 Lower SOYBEAN MEAL: ...
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GENERAL OVERVIEW: The USDA released the October WASDE report today, lowering expected milk production for 2026 and 2027, while simulta...
