Monday, May 8, 2023

Monday Midday Dairy Market Summary - Cheese Shows More Weakness

OUTSIDE MARKETS SUMMARY:

CORN: 4 Higher
SOYBEANS: 2 Lower
SOYBEAN MEAL: $2.90 Lower
LIVE CATTLE: $0.22 Higher
DOW JONES: 87 Points Lower
NASDAQ: 6 Points Higher
CRUDE OIL: $1.76 Higher

MIDDAY MARKET UPDATE:

Block cheese price remained unchanged at $1.6125 with no loads traded. A low bid was placed with no sellers showing any interest in the market today. Barrel cheese price declined 1.50 cents to close at $1.5150 with no loads traded. There was a low bid with three uncovered offers. Dry whey remained steady at 32.75 cents with no loads traded. Class III futures are mixed with futures 14 cents lower to 6 cents higher. Butter price declined 1.50 cents closing at $2.43 with one load traded and one uncovered offer remaining at the close. Grade A nonfat dry milk price remained unchanged at $1.1975 with no loads traded. Class IV futures are mixed from 2 cents lower to 5 cents higher. Butter futures are 0.40 cent lower to 1.50 cents higher. Dry whey futures are steady.




Friday Midday Dairy Market Summary - Butter and Cheese Prices Bounce

OUTSIDE MARKETS SUMMARY: CORN: 6 Higher SOYBEANS: 15 Higher SOYBEAN MEAL: ...