Wednesday, October 6, 2021

Wednesday Midday Dairy Market Summary - Milk Futures Hold

Block cheese price remained steady at $1.89075 with 1 load traded. Barrel cheese price slipped 0.50 cent ending at $1.7875 with 3 loads traded. Dry whey price increased 0.25 cent closing at 59.25 with no loads traded. Dry whey price continues to creep higher with few loads changing hands. The gain Wednesday helped to offset the decline of barrels. Butter price increased 0.75 closing at $1.6975 with 11 loads traded. Grade A nonfat dry milk price increased 1.25 cents closing at $1.43 with 11 loads traded. Class III futures are 8 cents lower to 10 cents higher. Front-month October is the only contract showing a loss. Class IV futures are 5 cents lower to 10 cents higher. Butter futures are 1.82 cents lower to 0.10 cent higher. Dry whey futures are 0.45 cent to 1.00 cents higher.




Friday Closing Dairy Market Update - October Milk Production Increased 3.7%

GENERAL OVERVIEW: Class III milk futures closed under pressure due to the declining cheese and dry whey prices. October milk producti...