Monday, August 29, 2022

Monday Midday Dairy Market Summary - Cheese Prices Trend Lower

OUTSIDE MARKETS SUMMARY:

CORN: 13 Higher
SOYBEANS: 29 Lower
SOYBEAN MEAL: Unchanged
LIVE CATTLE: $1.67 Higher
DOW JONES: 7 Points Lower
NASDAQ: 38 Points Lower
CRUDE OIL: $3.70 Higher

MIDDAY MARKET UPDATE:

Block cheese price declined 2.50 cents closing at $1.1750 with no loads traded. Price broke to the lowest level since November 17, 2022. Barrel cheese price declined 2.25 cents ending at $1.86 with no loads traded. There were only sellers showing up during spot trading with no buyers to be found. Butter price remained unchanged at $3.0825 with no loads traded. Grade A nonfat dry milk price increased a penny to $1.57 with 5 loads traded. Dry whey price increased 1.50 cents with no loads traded and price closing at 48.50 cents. Class III futures are unchanged to 49 cents lower. November is posting the largest loss. Class IV futures are 46 cents lower to 15 cents higher. Butter futures are steady to 3.50 cents lower. Dry whey futures are steady to 2 cents higher.



 

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...