Monday, April 25, 2022

Monday Midday Dairy Market Summary - Butter Prices Show Further Weakness

OUTSIDE MARKETS SUMMARY:

CORN: 4 Higher
SOYBEANS: 17 Lower
SOYBEAN MEAL: $6.10 Lower
LIVE CATTLE: $3.62 Lower
DOW JONES: 181 Points Lower
NASDAQ: 14 Points Higher
CRUDE OIL: $4.88 Lower

MIDDAY MARKET UPDATE:

Both block and barrel cheese prices remained unchanged at $2.3925 and $2.37, respectively, Monday with no loads traded in either category. No buyers or sellers showed up to do any business. Dry whey price declined 2 cents, closing at 61.50 with four loads traded. Butter price declined a penny, closing at $2.6575 with no loads traded an only an offer for one load setting the lower price. Grade A nonfat dry milk price remained unchanged at $1.7550 with one load traded. Class III futures are 18 cents lower to 13 cents higher. Class IV futures have not yet traded with wide bid and offers posted in the market. Butter futures are 0.50 cent lower to 2.57 cents higher. Dry whey futures are unchanged.




Wednesday Closing Dairy Market Update - Milk, Cheese Trading Strong; March Dairy Exports Decline

MILK Milk production is mixed across the country with a few areas moving past the spring flush to see production holding steady. Oth...