Friday, February 14, 2025

Friday Midday Dairy Market Summary - Butter and Nonfat Dry Milk Prices Fall to New Lows

OUTSIDE MARKETS SUMMARY:

CORN: 3 Higher
SOYBEANS: 7 Higher
SOYBEAN MEAL: $4.20 Higher
LIVE CATTLE: $1.95 Lower
DOW JONES: 80 Points Lower
NASDAQ: 62 Points Higher
CRUDE OIL: $0.67 Lower

MIDDAY MARKET UPDATE:

The block cheese price remained steady at $1.92 with one load traded. The barrel cheese price declined 1.25 cents closing at $1.8175 with three loads traded. The dry whey price declined 0.50 cent closing at 55.50 cents with two loads traded. The continued weakness of dry whey is a drag on the Class III market. Class III futures are mixed from 17 cents lower to 8 cents higher. The butter price declined 2.25 cents closing at $2.3775 with no loads traded. This moves the price to a new low for the year. There were four uncovered offers remaining at the close. Grade A nonfat dry milk declined 2 cents closing at $1.28 with no loads traded. This is a new low for the year and the lowest price since Aug. 23, 2024. Class IV futures are unchanged to 30 cents lower. Butter futures are 3.00 cents lower to 0.17 cent higher. Dry whey futures are 0.15 to 0.75 cent lower. The markets will be closed on Monday, Feb. 17, for Presidents Day.





Friday Closing Dairy Market Update - 2024 Milk Production Lower, But Herd Size Growing

MILK: Class III milk futures lost over 80 cents on the March contract this week, while Class IV lost over $1.40 from this time last week. We...