Monday, January 31, 2022

Monday Midday Dairy Market Summary - Dry Whey Continues to Rise

OUTSIDE MARKETS SUMMARY:

CORN: 10.25 Lower
SOYBEANS: 16 Higher
SOYBEAN MEAL: $6.40 Higher
LIVE CATTLE: $0.975 Higher
DOW JONES: 181 Points Higher
NASDAQ: 345 Points Higher
CRUDE OIL: $0.21 Higher

MIDDAY MARKET UPDATE:

Cheese blocks increased 4 cents, closing at $1.8300 with no loads traded. Barrels gained 3.75 cents to $1.7800 with no loads traded. Dry whey gained a penny to 85 cents with one load traded. Dry whey futures are 0.75-1 cent higher. Butter was unchanged, remaining at $2.5400 with one load traded. Butter futures are 4 to 5 cents higher. Grade A nonfat dry milk increased 2.50 cents, closing at $1.8300 with two loads traded. Class III milk futures are 1 cent lower to 46 cents higher, while Class IV is 67 cents higher.





Friday Closing Dairy Market Update - 2024 Milk Production Lower, But Herd Size Growing

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