Block cheese price declined 2.25 cents closing at $1.76 with no loads traded. It has been two consecutive days during which buyers were nowhere to be found. Barrel cheese price slipped 0.50 cent closing at $1.7450 with 4 loads traded. Class III futures were lower prior to spot trading but have since moved to mixed prices with most contracts in positive territory as traders remain optimistic. Contracts range from 8 cents lower to 10 cents higher. Dry whey price remained unchanged at 60 cents with no loads traded. Butter price jumped 6 cents closing at $1.82 with 5 loads traded. Grade A nonfat dry milk pride increased 3 cents ending at $1.4850 with 2 loads traded. This pushed Class IV futures higher with contracts up 10 cents to 38 cents. Butter futures are 0.37 cent to 3.00 cents higher. Dry whey futures are 0.42 cent lower to 0.15 cent 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...
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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...
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In California, milk production continues to trend seasonally weaker. Stakeholders convey open processing capacity in the Central Valley is t...
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OPENING CALLS: Class III Milk Futures: Mixed Class IV Milk Futures: Mixed B...