Block cheese price declined 0.50 cent closing at $1.7850 with 3 loads traded. Barrel cheese price increased 0.50 cent closing at $1.4950 with 5 loads traded. Buyer demand was satisfied as only unfilled bids remained at the close in both categories of cheese. Butter price remained steady at $1.8275 with 7 loads traded. Grade A nonfat dry milk price slipped 0.25 cent closing at $1.33 with one load traded. Dry whey price remained unchanged at 52.50 cents with no loads traded. This had little impact on milk futures are contracts are much the same as they were prior to spot trading. Class III futures are 9 cents lower to 2 cents higher. Class IV futures are 3 cents to 8 cents lower. Butter futures are 0.30 cent 1.47 cents higher. Dry whey futures are steady to 0.55 cent 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...
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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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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...
