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 - USDA Raises Milk Production
MILK: Class III milk futures suffered a large setback in response to the decline in cheese prices. Despite the decline, the block ch...
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MILK There had been some optimism that lower milk production in February would get the attention of cheese buyers and they would ste...
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OUTSIDE MARKETS SUMMARY: CORN: 1 Lower SOYBEANS: 3 Higher SOYBEAN MEAL: $11...
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Block cheese price increased 1.75 cents, closing at $1.7525 and the highest price it has been since May 7. There were 3 loads changing hand...