Wednesday, October 27, 2021

Wednesday Midday Dairy Market Summary - Uncertain Market Direction

Block cheese declined 1.50 cents closing at $1.7575 with no loads traded. No buyers showed up with an offer setting the closing price. Barrel cheese price increased 1.75 cents closing at $1.8475 with 3 loads traded. There was an offer for a load at the close of the trading period. Dry whey price increased 0.25 cent providing some support to Class III futures. Butter price increased a penny to $1.94 with 3 loads traded. Grade A nonfat dry milk price declined 1.75 cents closing at $1.5275 with 3 loads traded. Mixed spot prices leave traders uncertain of market direction. Class III futures are 4 cents lower to 12 cents higher. Class IV futures are 5 cents lower to 9 cents higher. Butter futures are 1.47 cents lower to 1.97 cents higher. Dry whey futures are 0.40 cent lower to 0.62 cent higher.




May Milk Production (24 states) up 2.4 Percent

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