Friday, September 24, 2021

Friday Midday Dairy Market Summary - Butter Falls Back

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.




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 ...