Block cheese price remained unchanged at $1.75 with no loads traded. A bid and offer were placed early in the trading period but were not moved during the period. Barrel cheese price increased 3.25 cents to close at $1.81 with 4 loads traded. Butter price declined 2.75 cents closing at $1.7725 with 13 loads traded. Dry whey price slipped 0.25 cent closing at 60 cents with one load traded. Grade A nonfat dry milk price declined a penny to $1.53 with 5 loads traded. Class III futures initially tried to rally but could not hold the gains leaving contracts mixed. Futures are 4 cents lower to 15 cents higher. Class IV futures are 6 cents lower to 6 cents higher. Butter futures are 1.97 cents lower to 1.72 cents higher. Dry whey futures are 0.67 cent lower to 1.12 cents higher. The Global Dairy Trade auction trade weighted average increased 2.2 percent on Tuesday's event.
Wednesday Closing Dairy Market Update - Spot Milk Supplies Tighten
GENERAL OVERVIEW: Class III futures were mixed while Class IV futures increased, with most contracts posting double-digit gains. Mar...
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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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For California, noted milk production differences for this week compared to last week are mixed. Some handlers in California indicate milk p...