Friday, November 5, 2021

Friday Midday Dairy Market Summary - Further Losses in Cheese

Block cheese price declined 2 cents closing at $1.5850 with 2 loads traded. Barrel cheese price declined 1.50 cents closing at $1.5025 with 14 loads traded. Barrels closed with 9 unfilled bids and one uncovered offer. This was similar to Thursday. Sellers offered loads to the willing buyers even at lower prices Friday. Now buyers have set their sight on yet lower prices. There was an unfilled bid remaining for a load of blocks. Butter price remained steady at $1.9350 with load loads traded. No buyers are sellers showed up for spot trading. Grade A nonfat dry milk increased 0.50 cent closing at $1.57 with 5 loads traded. Dry whey price increased 0.50 cent closing at 66 cents with no loads traded. Class III futures are 23 cents lower to 7 cents higher with December posting the largest loss. Class IV futures are 2 cents lower to 11 cents higher. Butter futures are 0.25 cent to 0.50 cent higher. Dry whey futures are 0.47 cent to 0.65 cent higher.




Friday Closing Dairy Market Update - Cheese Prices Close Higher for the Week

GENERAL OVERVIEW : After being lower most of the day, Class III futures found some strength into the close. The same could not be sai...