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.
Wednesday Closing Dairy Market Update - Spot Milk Prices Strengthen
GENERAL OVERVIEW: Milk futures moved relative to the direction of the underlying cash. Block cheese weakness resulted in lower Class ...
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For California, noted milk production differences for this week compared to last week are mixed. Some handlers in California indicate milk p...
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OUTSIDE MARKETS SUMMARY: CORN: 2 Higher SOYBEANS: 5 Lower SOYBEAN MEAL: ...
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MILK: Milk futures declined for the week, but not as much as should have been seen according to the drop in the spot cheese and butt...