Friday, November 4, 2022

Friday Midday Dairy Market Summary - Butter Continues to Bounce Back

OUTSIDE MARKETS SUMMARY:

CORN: 2 Higher
SOYBEANS: 12.50 Higher
SOYBEAN MEAL: $4.70 Higher
LIVE CATTLE: $0.27 Lower
DOW JONES: 21 Points Higher
NASDAQ: 32 Points Lower
CRUDE OIL: $3.60 Higher

MIDDAY MARKET UPDATE:

Spot cheese saw no movement for the end of the week. Blocks were unchanged at $2.0100 and barrels at $1.9750, both with no loads traded. Butter jumped 10.50 cents to close at $2.7725 with five loads traded. Grade A nonfat dry milk increased 2 cents to $1.4000 with six loads traded. Dry whey was up 1.50 cents, closing at $0.4675 with no loads traded. Class III futures are 11 cents lower to 30 cents higher. Class IV milk futures moved 45 to 65 cents higher. Dry whey futures are 0.50 to 0.23 cents higher. Butter futures are 6.5 to 7.50 cents higher.




Friday Closing Dairy Market Update - Milk Futures Close Lower for the Week

OVERVIEW: Class III milk futures took a hit today as spot cheese prices declined. Futures did not lose what was gained recently, but...