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.
Friday Morning Dairy Market Update - Traders Cautious of Butter Strength
OPENING CALLS: Class III Milk Futures: 2 to 6 Higher Class IV Milk Futures: Mixed ...
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California milk production is seasonally decreasing but still supplying the needs of dairy commodity manufacturers. Processors report milk a...
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GENERAL OVERVIEW: Traders had something to get excited over, resulting in milk futures increasing significantly. The strength in che...
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OUTSIDE MARKETS SUMMARY: CORN: 2 Higher SOYBEANS: 5 Lower SOYBEAN MEAL: ...
