Block cheese price remained steady at $1.49 with no loads traded. Barrel cheese price gained a penny closing at $1.50 with no loads traded. Three unfilled bids remained for barrels at the close, which could indicate further gains possible. Butter price declined 1.25 cents closing at $1.7175 with no loads traded. Grade A nonfat dry milk price remained unchanged at $1.2575 with 2 loads traded. Dry whey price declined 1.75 cents closing at 57.75 cents with no loads traded. This moves the dry whey price down to the lowest level since March 3rd. Class III futures are 2 cents to 32 cents lower with September showing the greatest loss. Class IV futures are 6 cents to 25 cents lower. Butter futures are 0.77 cent to 3.00 cents lower. Dry whey futures are 1.00 cent to 2.67 cents lower. USDA will release the May Livestock Slaughter report Thursday.
Monday Closing Dairy Market Update - Class III Futures Mixed
MILK Milk futures coasted during the day with traders only to see limited price movement making it difficult to scalp the market for...
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MILK There had been some optimism that lower milk production in February would get the attention of cheese buyers and they would ste...
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Cheese prices moved up on bids and no sales taking place. Blocks increased 0.75 cent, closing at $1.8075 and barrels increased 0.50 cent, ...
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MILK The had been some hope earlier in the week that spot prices had found a bottom and milk futures would be supported. However, th...