Block cheese price increased 2 cents closing at $1.7725 with no loads traded. There were 2 unfilled bids remaining at the close suggesting further upside is possible. Barrel cheese price increased 2 cents closing at $1.49 with one load traded. An unfilled bid and an uncovered offer remained at the close. This has had no positive impact on the market with most Class III futures showing losses upwards of 15 cents. The only contract showing a gain is February at 8 cents higher. Dry whey increased a penny to 52.75 cents with no loads traded. This is the highest price it has been since August 20th. Butter price increased 0.50 cent closing at $1.79 with one load traded. Grade A nonfat dry milk price declined 1.25 cents closing at $1.3450 with 5 loads traded. Class IV futures are 7 cents to 25 cents lower. Butter futures are 0.05 cent to 1.75 cents higher. Dry whey futures are 0.25 cent lower to 1.00 cents higher.
Friday Closing Dairy Market Update - USDA Raises Milk Production
GENERAL OVERVIEW: Milk futures ended the day lower with most Class III contracts again making new contract lows. USDA increased its milk pro...
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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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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: Class III milk futures closed lower in most traded contracts. The weakness of blocks triggered selling as traders ...
