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.
Wednesday Morning Dairy Market Update - Mixed Futures and Limited Trading Volume
OPENING CALLS: Class III Milk Futures: Steady to 5 Lower Class IV Milk Futures: Mixed Butter Futures: Mixed OUTSIDE MARKET OPENING CALLS: Co...
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OUTSIDE MARKETS SUMMARY: CORN: 2 Higher SOYBEANS: 5 Lower SOYBEAN MEAL: ...
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MILK Class III milk futures have finished a very volatile week as emotions ran high as a result of the outside influence of the stimul...
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Milk production in California is strong. Some handlers report a sentiment of being firmly in the peak of spring milk output. Central Valley ...
