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 - October Milk Production Increased 3.7%

GENERAL OVERVIEW: Class III milk futures closed under pressure due to the declining cheese and dry whey prices. October milk producti...