Block cheese price remained unchanged at $1.6350 with no loads traded. Again, no buyers or sellers showed up to do any business. Barrel cheese price declined 0.75 cents ending at $1.3075 with one load traded. There was one unfilled bid and two uncovered offers remaining at the close. Butter price increased 5 cents closing at $1.6550 with no loads traded. Grade A nonfat dry milk price increased 0.25 cent closing at $1.2550 with 6 loads traded. Dry whey price increased 6.25 cents closing at 53.756 cents with 2 loads traded. Class III futures are 3-33 cents higher with November showing the greatest gain. Class IV futures are 2 cents lower. Butter futures are 0.87 cent to 2.50 cents higher. Dry whey futures are 1.25 cents 3.10 cents higher.
Monday Closing Dairy Market Update - Milk Futures Were Unable to Find Support
GENERAL OVERVIEW: The weakness in Class III futures was expected because of the decline in cheese prices. The weakness in Class IV fut...
-
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 ...
