Block cheese price declined 3 cents closing at $1.6025 with 10 loads traded. Barrel cheese price slipped 0.25 cent ending at $1.6250 with 12 loads traded. Barrels traded 0.25 cent higher before succumbing to selling pressure. Blocks bounced back 0.25 cents from the low before the market closed. Loads continue to be offered on the spot market as sellers want to move supply. This does not indicate a tightening market. Sellers do not want to hold out for higher prices as current fundamentals do not suggest that will take place anytime soon. Block price is the lowest it has been since Feb. 24. Butter price was able to creep higher by 0.25 cent closing at $1.8550 with one load traded. Grade A nonfat dry milk price declined a penny ending at $1.3025 with 6 loads traded. Dry whey price gained 0.50 cent with 1 load traded. Class III futures are20 cents lower to 5 cents higher. Class IV futures have not yet traded. Butter futures are 0.30 cent lower to 1.02 cents higher. Dry whey futures are 0.25 cent lower to 1.15 cents higher.
Monday Closing Dairy Market Update - Cheese Shows Unexpected Strength
MILK: The uncertainty of demand from domestic and international markets has moved some traders to the sidelines. Cheese prices have ...

-
OUTSIDE MARKETS SUMMARY: CORN: 1 Lower SOYBEANS: 3 Higher SOYBEAN MEAL: $11...
-
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...
-
In California, milk production is weaker. However, handlers indicate recent herd health challenges have somewhat subsided. Stakeholders conv...