Monday, February 24, 2025

Monday Midday Dairy Market Summary - Spot Prices Decline

OUTSIDE MARKETS SUMMARY:

CORN: 9 Lower
SOYBEANS: 9 Lower
SOYBEAN MEAL: $2.40 Lower
LIVE CATTLE: $1.02 Higher
DOW JONES: 200 Points Higher
NASDAQ: 43 Points Lower
CRUDE OIL: $0.34 Higher

MIDDAY MARKET UPDATE:

The block cheese price declined 2 cents closing at $1.88 with three loads traded. The barrel cheese price remained unchanged at $1.80 with five loads traded and three uncovered offers remaining at the close. The dry whey price declined a penny closing at 53.50 cents with two loads traded. Class III futures are 12 cents lower to 2 cents higher. The butter price declined 4.50 cents closing at $2.37 with two loads traded. There was an unfilled bid and an uncovered offer remaining at the close. This is a new low for the year. Buyers are holding back anticipating further weakness, which may result in lower prices. Grade A nonfat dry milk declined 1.50 cents closing at $1.2250 with two loads traded. This is a new low for the year and the lowest price since Aug. 12, 2024. Class IV futures have not yet been traded. Butter futures are steady to 2.70 cents lower. Dry whey futures are 0.85 cent lower to 0.25 cent higher.





Thursday Closing Dairy Market Update - The July Class I Price is $21.33

GENERAL OVERVIEW: Class III ended the short trading week mixed. Class IV futures closed with double-digit gains. The July advanced Cl...