Monday, March 7, 2022

Monday Midday Dairy Market Summary - Cheese and Butter Prices Increase

OUTSIDE MARKETS SUMMARY:

CORN: 1 Lower
SOYBEANS: 4 Higher
SOYBEAN MEAL: $0.90 Lower
LIVE CATTLE: $1.67 Higher
DOW JONES: 578 Points Lower
NASDAQ: 345 Points Lower
CRUDE OIL: $5.54 Higher

MIDDAY MARKET UPDATE:

Block cheese price increased 1.25 cents, closing at $2.1625 with three loads traded. Barrel cheese price increased 5.75 cents, closing at $2.0275 with seven loads traded. There was an offer for a load of barrels remaining at the close at a higher price. Dry whey price remained unchanged at 75.75 cents with no loads traded. Butter gained 3.75 cents, closing at $2.7225 with six loads traded. Grade A nonfat dry milk price declined a penny to $1.8625 with two loads traded. Class III futures are 6 to 46 cents higher. Class IV futures are 18 cents lower to 13 cents higher. Butter futures are 0.32 to 1.47 cents higher. Dry whey futures are 0.25 cent lower to 0.27 cent higher.




Monday Closing Dairy Market Update - More States Show Milk Production Gains

MILK: Numerous Class IV contracts closed with double-digit losses. Some nearby contracts have fallen to the lowest level in about a ...