Monday, November 1, 2021

Monday Midday Dairy Market Summary - Barrels Move Lower

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 - 2024 Milk Production Lower, But Herd Size Growing

MILK: Class III milk futures lost over 80 cents on the March contract this week, while Class IV lost over $1.40 from this time last week. We...