Block cheese price slipped closing at $1.79 with no loads traded. Two unfilled offers remained for blocks at the close of spot trading. Barrel price increased 1.75 cents closing at $1.51 with 7 loads traded. All those who came to do business went home satisfied leaving no unfilled bids or offers. Dry whey price remained unchanged at 53.50 cents. Butter price remained unchanged at $1.79 with no loads traded. Grade A nonfat dry milk price increased 2 cents settling at $1.35 with 4 loads traded. It was yet another day during which at least one category of product on the spot market declined. Class III futures are once cent lower to 5 cents higher. Class IV futures are unchanged. Butter futures are 2.55 cents lower to 1.05 cents higher. Dry whey futures are 0.20 cent lower to 0.05 cent higher.
Friday Closing Dairy Market Update - Class III Futures Showed Further Losses
GENERAL OVERVIEW: Class III milk futures closed mixed, experiencing some pressure from the slight decline in cheese prices. Class IV...
-
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 ...
