Block cheese price declined a penny, closing at $1.70 with no loads traded; an offer moved price lower with no buyers to be found. Barrel cheese price declined 1.75 cents, closing at $1.47 with one load traded. Price initially increased 1.25 cents to $1.50 where the load was traded. Offers then kept pushing price lower into the close. There were no unfilled bids at the close. This moved Class III futures quickly lower with contracts posting losses of 3 to 28 cents. Butter price slipped 0.25 cent, ending at $1.70 with no loads traded. Grade A nonfat dry milk price gained 1.50 cents, closing at $1.2850 with no loads traded. Dry whey price declined a penny, closing at 50.50 cents with one load traded. Class IV futures are 3 to 8 cents higher. Butter futures are 0.25 cent lower to 2 cents higher. Dry whey futures are 0.67 cent higher,
Thursday Closing Dairy Market Update - Markets Mixed
GENERAL OVERVIEW: Class III futures traded lower, while Class IV futures were unchanged to slightly higher. Cheese futures fall later...
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OUTSIDE MARKETS SUMMARY: CORN: 2 Higher SOYBEANS: 5 Lower SOYBEAN MEAL: ...
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MILK: Milk futures declined for the week, but not as much as should have been seen according to the drop in the spot cheese and butt...
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MILK Class III milk futures have finished a very volatile week as emotions ran high as a result of the outside influence of the stimul...
