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.
Wednesday Midday Dairy Market Summary - Butter Shows Further Weakness
OUTSIDE MARKETS SUMMARY: CORN: 10 Higher SOYBEANS: 8 Higher SOYBEAN MEAL: ...
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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...