Wednesday, December 20, 2023

Wednesday Midday Dairy Market Summary - Further Pressure on Butter

OUTSIDE MARKETS SUMMARY:

CORN: 3 Lower
SOYBEANS: 2 Lower
SOYBEAN MEAL: $4.70 Lower
LIVE CATTLE: $1.22 Higher
DOW JONES: 66 Points Higher
NASDAQ: 33 Points Higher
CRUDE OIL: $0.21 Lower

MIDDAY MARKET UPDATE:

Block cheese price declined 0.75 closing at $1.4475 with 5 loads traded. Barrel cheese price declined 1.75 cents closing at $1.3925 with 11 loads traded. There were 14 unfilled bids for barrels remaining at the close. The does not necessarily mean anything as there were quite a few unfilled bids yesterday, but the price slipped lower today. Blocks showed an unfilled bid and uncovered offer.

Dry whey price declined a penny to 38 cents with 5 loads traded. Class III futures are mixed from 5 cents lower to 4 cents higher. Butter price remained steady at $2.6050 with no loads traded. No one showed up to do any business. Grade A nonfat dry milk price slipped 0.25 cent closing at $1.1575 with one load traded. Class IV futures are unchanged to 8 cents lower. Butter futures are 1.32 cents lower to 0.75 cent higher. Dry whey futures are unchanged to 0.35 cent lower.




Tuesday Midday Dairy Market Summary - Butter Finds More Aggressive Buyer Interest

OUTSIDE MARKETS SUMMARY: CORN: 1 Higher SOYBEANS: 5 Higher SOYBEAN MEAL: ...