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.
Wednesday Closing Dairy Market Update - Butter Strength Continues
GENERAL OVERVIEW: Butter has been on a roll this week, rallying 5 cents two days in a row in the cash market and futures up another 7...
-
For California, milk production continues to be seasonally stronger. However, many handlers note milk output increase paces are slowing. Som...
-
Milk production in California is strong. Some handlers report a sentiment of being firmly in the peak of spring milk output. Central Valley ...
-
In California, signs that spring has arrived on time, or even ahead of schedule, continue to be relayed from contacts regarding seasonal mil...
