Thursday, August 26, 2021

Thursday Midday Dairy Market Update - Cheese Falls Back

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,




Friday Closing Dairy Market Update - 2024 Milk Production Lower, But Herd Size Growing

MILK: Class III milk futures lost over 80 cents on the March contract this week, while Class IV lost over $1.40 from this time last week. We...