Wednesday, May 26, 2021

Wednesday Midday Dairy Market Summary - Cheese Moves Higher

Block cheese price increased 4.75 cents closing at $1.5675 with 10 loads traded. Trading did not begin until the market was higher and then continued with good volume. Barrel cheese price increase 2.75 closing at $1.6425 with 4 loads traded. Butter price declined 3.50 cents ending at $1.7850 with 2 loads traded. Grade A nonfat dry milk declined 1.25 cents settling at $1.29 with 8 loads traded. Dry whey price remained unchanged at 65.25. The increase of cheese prices gave Class III futures a shot in the arm, pushing price up as much as 37 cents in July. Futures contracts are 3 cents lower to 37 cents higher. Class IV futures have not yet traded. Butter futures are steady to 1.05 cents lower. Dry whey futures are 0.27 lower to 0.35 cent higher.




Tuesday Morning Dairy Market Update - Limited Trade Activity Expected

OPENING CALLS: Class III Milk Futures: 2 to 5 Lower Class IV Milk Futures: Mixed ...