Monday, February 12, 2024

Monday Midday Dairy Market Summary - Markets Higher Confirmed by Cash Cheese Trades

OUTSIDE MARKETS SUMMARY:

CORN: $0.02 Higher
SOYBEANS: $0.11 Higher
SOYBEAN MEAL: $6.40 Higher
LIVE CATTLE: $0.825 Lower
DOW JONES: 220 Points Higher
NASDAQ: 67 Points Higher
CRUDE OIL: $0.04 Lower

MIDDAY MARKET UPDATE:

Block cheese gained 0.0150 cent, closing at $1.5850 with one load traded. Barrel cheese is up 0.0175 cent, closing at $1.5950 with three loads traded. Dry whey is even at $0.5200 with no loads traded. Butter price gained 0.0225 cent at $2.7125 with no loads traded. Grade A nonfat dry milk price is even at $1.2000 with no loads traded. Class III futures are higher, ranging from 14-27 cents higher. Class IV futures are even with only one contract traded versus February at -.15 lower. Cheese is 0.0170 to 0.0300 higher. Butter futures are 1 lower to 4 higher. Dry whey futures are 0.7750 higher.



 

Tuesday Closing Dairy Market Update - December Fluid Milk Sales Increase 2.4%

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