Friday, August 13, 2021

Friday Midday Dairy Market Summary - Cheese Prices Push Higher

Block cheese price increased 3.25 cents, closing trading at $1.8125, with three loads traded. Barrel cheese price increased 4 cents, closing at $1.45, with nine loads traded. The strength of cheese pushed September Class III futures the 75-cent daily limit up at one point but have not been able to hold that level. Futures are currently 3 cents lower to 68 cents higher. The only contract posting a loss is February. Butter price was unchanged at $1.67 with no loads traded. Grade A nonfat dry milk price increased 0.75 cent, closing at $1.27, with one load traded. Dry whey price slipped 0.25 cent, closing at 51.75, with one load traded. Class IV futures are unchanged to 4 cents lower. Butter futures are 0.80 cent to 1.62 cents higher. Dry whey futures are steady to 0.60 cent higher.




U.S. dairy herd growth is slowing, even as milk production remains strong

The U.S. dairy herd has grown to its largest size since the 1990s, adding approximately 258,000 cows since the current expansion began nearl...