Thursday, December 29, 2022

Thursday Midday Dairy Market Summary - Butter Price Lingers

OUTSIDE MARKETS SUMMARY:

CORN: 2.75 Lower
SOYBEANS: 1 Higher
SOYBEAN MEAL: $0.80 Lower
LIVE CATTLE: $0.82 Higher
DOW JONES: 390 Points Higher
NASDAQ: 268 Points Higher
CRUDE OIL: $1.12 Lower

MIDDAY MARKET UPDATE:

Cheese block prices were up a half cent, closing at $2.1600 with three loads traded. Barrels moved 1.25 cents higher to $1.8675 with three loads traded. Butter price was unchanged at $2.3800 with no loads traded. The same as yesterday, no buyers or traders showed up to do business. Nonfat dry milk slipped 0.25 cent to $1.3350 with one load traded. Dry whey increased a half cent to close at $0.4050 with no loads traded. Class III milk futures were unchanged to 5 cents higher. Class IV futures saw no movement. Butter futures were unchanged to 0.20 cents higher. Dry whey futures moved 0.75 cents lower.




Monday Closing Dairy Market Update - October Cheese and Butter Inventories Declined

MILK: Traders were uncertain as to how to interpret the moving of spot prices today. Pressure was put on Class III futures after spo...