Wednesday, May 5, 2021

Wednesday Midday Dairy Market Summary - Cheese Prices Increase

Block cheese price increased 0.25 cents ending at $1.8025 with 5 loads traded. Barrel cheese price increased 2.50 cents closing at $1.8450 with 7 loads traded. Butter price declined a penny to $1.7350 with 9 loads traded. There were a number of unfilled bids under the market with buyers waiting for lower prices. Buyers are not aggressive as supplies are readily available. Grade A nonfat dry milk price increased 1.75 cents closing at $1.3775 with 10 loads traded. Dry whey price gained 0.25 cent ending at 64.75 cents with 2 loads traded. Class III futures remain mixed with contracts ranging from 11 cents lower to 10 cents higher. Class IV futures have not yet traded. Butter futures are 2.50 cents lower to 0.68 cent higher. Dry whey futures are 0.77 cent lower to 0.10 cent higher. Dairy exports in March increased 24.2%.




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...