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 - Fundamentals Limit Price Potential
GENERAL OVERVIEW: Milk futures closed steady to higher, except for the nearby January contract. There was no reason for Class III fu...
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For California, milk production continues to be seasonally stronger. However, many handlers note milk output increase paces are slowing. Som...
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In California, signs that spring has arrived on time, or even ahead of schedule, continue to be relayed from contacts regarding seasonal mil...
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Milk production in California is strong. Some handlers report a sentiment of being firmly in the peak of spring milk output. Central Valley ...
