Wednesday, July 21, 2021

Wednesday Midday Dairy Market Summary - Cheese Prices Decline Further

Block cheese price fell 6.25 cents, closing at $1.52225 with just one load traded. There was an offer remaining at the close providing some indication as to the weakness of the market. Barrel cheese price declined 1.25 cents, closing at $1.3725 with six loads traded. There was on unfilled bid remaining at the close. This moves price down to the lowest level it has been since Aug. 24, 2020. Class III futures are again under pressure with most contracts lower. Futures range from 31 cents lower to 3 cents higher with only December and June showing gains. September shows the greatest loss of 31 cents. Butter price increased 1.50 cents, closing at $1.3725 with nine loads traded. Grade A nonfat dry milk price increased 0.75 cent, closing at $1.2375 with one load traded. Dry whey price slipped 0.50 cent, ending at 53.25 cents with three loads traded. Class IV futures are 6 to 13 cents lower. Butter futures are 0.75 cent lower to 0.92 cent higher. Dry whey futures are 0.75 to 1.45 cents lower.




Tuesday Closing Dairy Market Update - Cattle Slaughter Continues to Decline

MILK: Milk futures drifted through the day before showing some aggressive buying interest into the close. The February and March Cla...