Monday, August 30, 2021

Monday Midday Dairy Market Summary - Cheese Shows Further Weakness

Cheese prices just cannot get a break. Increasing prices cannot establish a higher trend as those price increases have been short-lived. Blocks declined 4 cents closing at $1.71 with 3 loads traded. Barrel cheese price declined 3.75 cents closing at $1.3650 with 6 loads traded. Butter futures gained 0.75 cent closing at $1.7150 with 9 loads traded. Grade A nonfat dry milk price increased a penny to $1.3025 with no loads traded. Dry whey price slipped 0.25 cent closing at 49.75 with no loads traded. Class III futures are unchanged to 11 cents lower. Class IV futures are 5 cents lower to 8 cents higher. Butter futures are 1.07 cents lower to 0.40 cent higher. Dry whey futures are 0.50 cent lower. Tuesday is the last trading day for August futures and options.




Friday Closing Dairy Market Update - Fundamentals Limit Price Potential

GENERAL OVERVIEW: Milk futures closed steady to higher, except for the nearby January contract. There was no reason for Class III fu...