Block cheese price remained unchanged at $1.5525 with no loads traded. No buyers or sellers showed up to the market. Barrel cheese price came under pressure declining 1.75 cents closing at $1.4850 with 2 loads traded. There were 3 unfilled bids and 1 uncovered offer remaining at the close. Butter price remained unchanged at $1.74 with no loads traded. Grade A nonfat dry milk price declined 1.50 cents ending at $1.2450 with one load traded. Dry whey price declined penny to 55 cents with one load traded. This moves whey price to the lowest level it has been since Feb. 25. Class III futures are 1-30 cents lower with August holding the most losses. Class IV futures are steady to one cent lower. Butter futures are 0.17 cent to 1.15 cents lower. Dry whey futures are 0.25 cent to 0.72 cent higher.
Tuesday Closing Dairy Market Update - USDA Raises Milk Production
GENERAL OVERVIEW: Milk futures were hit hard today, with Class III futures falling more than Class IV futures. The butter price fell ...
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OUTSIDE MARKETS SUMMARY: CORN: 2 Higher SOYBEANS: 5 Lower SOYBEAN MEAL: ...
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MILK: Milk futures declined for the week, but not as much as should have been seen according to the drop in the spot cheese and butt...
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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...
