Tuesday, October 5, 2021

Tuesday Midday Dairy Market Summary - Milk Futures Find More Strength

Block cheese price increased a penny closing at $1.8075 with 2 loads traded. Barrel cheese price increased 0.25 cent closing at $1.7925 with one load traded. Dry whey price increased 0.50 cent closing at 59 cents with no loads traded. The combination of these has resulted in Class III futures post gains of 2 cents to 14 cents with November showing the greatest gain. Butter price remained unchanged at $1.69 with no loads traded. Grade A nonfat dry milk price increased 1.75 cents closing at $1.4175 with 5 loads traded. This moves nonfat dry milk price to the highest level it has been since Aug. 14, 2014. Class IV futures are 2 cents to 14 cents higher. Butter futures are 0.52 cent to 2.05 cents lower. Dry whey futures are 0.15 cent to 1.75 cents higher.




Friday Closing Dairy Market Update - USDA Raises Estimated Milk Production

OVERVIEW: Class III milk futures held up well despite the further decline of cheese prices. Class IV futures showed little trading a...