Monday, November 8, 2021

Monday Midday Dairy Market Summary - Cheese Prices Rebound

Block cheese price increased 6.75 cents, closing at $1.6525, with one load traded. Barrel price increased 2 cents to close at $1.5225, with 10 loads traded. Good buyer interest was not enough to push price significantly higher as sellers intend to continue to move product. Class III futures moved from trading negative to positive during and after the trading period. Contacts are 1-20 cents higher with the November contract showing the greatest gain, even though it only has about one week remaining before the contract is priced by the trade. Butter price increased 3 cents to close at $1.9650, with one load traded. Grade A nonfat dry milk price remained steady at $1.57, with no loads traded. Dry whey price remained steady at 66 cents, with no loads traded. Class IV futures are mixed ranging from 5 cents lower to 5 cents higher. Butter futures are 0.40 cent lower to 1.50 cents higher. Dry whey futures are 0.05 to 1.42 cents higher.




Friday Closing Dairy Market Update - September Milk Production Report to be Released Monday

OVERVIEW: Milk futures did not change much today due to limited price movement in the spot market. Class III futures were slightly h...