Block cheese price increased 0.50 cent, closing at $1.76 with one load traded. Barrel cheese price increased 0.25 cent, closing at $1.4875 with one load traded. Even though both cheese categories increased, it was not enough to provide any significant price support. It seems traders will swing the pendulum to buy when cash prices rise significantly. Otherwise, the overall bearishness remains. Butter price declined 1.25 cents, ending at $1.7025 with five loads traded. Grade A nonfat dry milk price remained unchanged at $1.27. Dry whey price declined 0.50 cent, ending at 51.50 cents with no loads traded. Class III futures are 8 cents lower to 12 cents higher. Class IV futures post a higher trade of 10 cents in July 2022 with no other activity. Butter futures are 1 cent lower to 1.57 cents higher. Dry whey futures are steady to 0.40 cent lower.
Wednesday Closing Dairy Market Update - Class III Milk Futures Ride the Wave
OVERVIEW: Class III futures were in a tug of war with initially stronger prices giving way to weakness, only to find strength later ...

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In California, milk production is weaker. However, handlers indicate recent herd health challenges have somewhat subsided. Stakeholders conv...
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OUTSIDE MARKETS SUMMARY: CORN: 1 Lower SOYBEANS: 6 Lower SOYBEAN MEAL: ...
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OUTSIDE MARKETS SUMMARY: CORN: 1 Lower SOYBEANS: 3 Higher SOYBEAN MEAL: $11...