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.
Wednesday Closing Dairy Market Update - Global Dairy Trade Auction Gains 5.7%
GENERAL OVERVIEW: Class III futures closed moderately higher, while Class IV futures were unchanged to mostly lower. Milk futures did...
-
OUTSIDE MARKETS SUMMARY: CORN: 2 Higher SOYBEANS: 5 Lower SOYBEAN MEAL: ...
-
MILK: Milk futures declined for the week, but not as much as should have been seen according to the drop in the spot cheese and butt...
-
MILK Class III milk futures have finished a very volatile week as emotions ran high as a result of the outside influence of the stimul...
