Both blocks and barrel cheese prices remained unchanged at $1.71 and $1.38 respectively. No buyers or sellers showed up to do any business. Butter followed the same pattern with price remaining unchanged at $1.7650 with no loads traded. There was an offer posted up at $1.82 with no other interest from anyone else. Grade A nonfat dry milk showed some activity with price increasing 1.25 cents closing at $1.3325 with 3 loads traded. Dry whey price declined 1.25 cents closing at 48.50 cents with 2 loads traded. This moved price back down to the level it was about a month ago. It was the weakness of dry whey that turned Class III milk futures lower. Futures are 19 cents lower to 4 cents higher. Class IV futures are 5 cents lower to 8 cents higher. Butter futures are 1.15 cents lower to 1.00 cents higher. Dry whey futures are steady. The July Federal Order prices will be announced Wednesday.
Wednesday Morning Dairy Market Update - Milk Futures Show Support
OPENING CALLS: Class III Milk Futures: 5 to 15 Higher Class IV Milk Futures: 5 to 15 Higher Butter Futures: 1 to 2 Higher OUTSIDE MARKET OPE...
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OUTSIDE MARKETS SUMMARY: CORN: 2 Higher SOYBEANS: 5 Lower SOYBEAN MEAL: ...
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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...
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For California, noted milk production differences for this week compared to last week are mixed. Some handlers in California indicate milk p...
