Block cheese price held steady at $1.6750 with one load traded. There were no unfilled bids remaining at the close with two offers posted. Barrel cheese prices was hit hard with price falling 6.75 cents, closing at $1.7525, with no loads traded. There were two offers remaining at the close, potentially indicating further weakness. Dry whey price remained unchanged at 63 cents with no loads traded. Butter price increased a penny, closing at $1.95 with six loads traded. Grade A nonfat dry milk price slipped 0.25 cent, closing at $1.5550 with four loads traded. Class III futures are mixed after initially showing significant gains of over 50 cents in November and December contracts prior to spot trading. Class IV futures are unchanged to 18 cents higher. Butter futures are 1 cent lower to 1.75 cents higher. Dry whey futures are 0.57 cent lower to 1.47 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...
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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...