Block cheese price declined 1.50 cents, closing at $1.80 with no loads traded. An uncovered offer remained at the close. Barrel price increased 2.50 cents, closing at $1.4875 with two loads traded. Dry whey price declined 0.50 cent, closing at 52.50 cents with one load traded. This put pressure on Class III futures with prices ranging from 23 cents lower to 1 cent higher. Trade has been limited to only seven futures contract months. Butter price increased 2.50 cents, closing at $1.8275 with five loads traded. Grade A nonfat dry milk declined 2.25 cents, closing at $1.3325 with three loads traded. Class IV futures are unchanged to 15 cents lower. Butter futures are 0.50 to 3.25 cents higher. Dry whey futures are 0.75 to 1.00 cent lower.
Friday Closing Dairy Market Update - A Strong Close to the Week
GENERAL OVERVIEW: It was another very strong day for milk futures. Higher spot prices supported futures prices. Butter had a large v...
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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: ...
