Monday, October 25, 2021

Monday Midday Dairy Market Summary - Class III Milk Futures Under Pressure

Block cheese price increased a penny to $1.82 with no loads traded. Barrel price slipped 0.25 cent closing at $1.86 with no loads traded. Butter price increased 3 cents closing at $1.8650 with no loads traded. This is the highest butter price has been since May 21. Grade A nonfat dry milk price remained unchanged at $1.5375 with one load traded. Dry whey price increased 0.75 cent closing at 62.50 with one load traded. Class III futures are 30 cents lower to 6 cents higher. November 2021 shows the greatest decline while November 2022 shows the greatest increase. Class IV futures are 7 cents lower to 2 cents higher. Butter futures are 0.50 cent to 3.05 cents higher. Dry whey futures are 0.25 cent to 1.20 cents lower.




May Milk Production (24 states) up 2.4 Percent

May Milk Production up 2.4 Percent         Milk production in the 24 major States during May totaled 19.8 billion pounds, up 2.4 percent fro...