Monday, October 18, 2021

Monday Midday Dairy Market Summary - Cheese Shows Further Losses

Block cheese price declined 3 cents closing at $1.75 with no loads traded with an offer remaining at the close. Barrel cheese price declined 1.25 cents closing at $1.7775 with 2 loads traded. Dry whey price remained unchanged with no loads traded. The weakness of cheese did not have an impact on Class III futures as contracts were mixed prior to spot trading and remain mixed after spot trading. Contracts range from 13 cents lower to 8 cents higher. Butter price increased 2.50 cents closing at $1.80 with 8 loads traded. Grade A nonfat dry milk price increased 0.75 cents to $1.54 with 3 loads traded. Class IV futures are steady to 8 cents higher. Butter futures are 0.22 cent to 1.75 cents higher. Dry whey futures are 0.25 cent to 1.25 cents higher.




Thursday Closing Dairy Market Update - Product Output Increases

MILK: The Global Dairy Trade Auction took place earlier this week, with the trade-weighted average down 4.1% from the previous event...