Both block and barrel cheese prices remained unchanged at $1.7075 and $1.60 respectively. There was an offer for a load of blocks remaining at the close. Dry whey price increased 0.25 cent closing at 57.25 with one load traded. This provides minor support to Class III futures with contracts ranging from 5 cents lower to 7 cents higher. Most contracts are steady to higher. Butter price fell back 2.50 cents taking back most of the gain of yesterday. Price closed at $1.7275 with 16 loads traded. Grade A nonfat dry milk price declined a penny closing at $1.36 with 5 loads traded. Class IV futures have not yet traded. Butter futures are 2.00 cents lower to 0.25 cent higher. Dry whey futures are unchanged to 0.65 cent higher.
Tuesday Midday Dairy Market Summary - Butter Finds More Aggressive Buyer Interest
OUTSIDE MARKETS SUMMARY: CORN: 1 Higher SOYBEANS: 5 Higher SOYBEAN MEAL: ...
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MILK There had been some optimism that lower milk production in February would get the attention of cheese buyers and they would ste...
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OUTSIDE MARKETS SUMMARY: CORN: 1 Lower SOYBEANS: 3 Higher SOYBEAN MEAL: $11...
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Block cheese price increased 1.75 cents, closing at $1.7525 and the highest price it has been since May 7. There were 3 loads changing hand...