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.
Wednesday Closing Dairy Market Update - Light Trading Activity Was the Order of the Day
GENERAL OVERVIEW: Class III milk futures were mostly lower, with traders seeing limited volatility. Trading volume was light. Class IV...
-
GENERAL OVERVIEW: Traders had something to get excited over, resulting in milk futures increasing significantly. The strength in che...
-
California milk production is seasonally decreasing but still supplying the needs of dairy commodity manufacturers. Processors report milk a...
-
GENERAL OVERVIEW: Class III milk futures closed lower in most traded contracts. The weakness of blocks triggered selling as traders ...
