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.
Tuesday Closing Dairy Market Update - Continued Pressure on Milk Futures with Lower Spot Prices
GENERAL OVERVIEW: Class III futures held fairly well today, but some contracts were posting double-digit losses. The market may see ...
-
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...
-
OUTSIDE MARKETS SUMMARY: CORN: 2 Higher SOYBEANS: 5 Lower SOYBEAN MEAL: ...
-
OPENING CALLS: Class III Milk Futures: 5 to 8 Lower Class IV Milk Futures: Mixed ...
