Monday, June 27, 2022

Monday Midday Dairy Market Summary - Spot Prices Remain Mixed

OUTSIDE MARKETS SUMMARY:
CORN: 7 Lower
SOYBEANS: 23 Higher
SOYBEAN MEAL: $10.40 Higher
LIVE CATTLE: $0.52 Higher
DOW JONES: 40 Points Lower
NASDAQ: 67 Points Lower
CRUDE OIL: $2.42 Higher

MIDDAY MARKET UPDATE:

Block cheese price remained unchanged at $2.09 with no loads traded. Barrel cheese price slipped 0.50 cent closing at $2.1425 with no loads traded. There was only one load of barrels offered during spot trading with no other interest shown. Dry whey increased 2.50 cents closing at 50 cents with one load traded. Butter price declined 0.50 cent ending at $2.91 with 2 loads traded. Grade A nonfat dry milk price declined a penny to $1.78 with one load traded. Class III futures are mixed but mostly lower with contracts ranging from 39 cents lower to 10 cents higher. August is taking the brunt of the selling. Class IV futures are 11 cents lower to 5 cents higher. Butter futures are 2.47 cents lower to $1.10 cents higher. Dry whey futures are 1.47 cents lower to 0.75 cent higher.





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

MILK: Class III milk futures lost over 80 cents on the March contract this week, while Class IV lost over $1.40 from this time last week. We...