Monday, February 10, 2025

Monday Midday Dairy Market Summary - Cheese Prices Rebound

OUTSIDE MARKETS SUMMARY:

CORN: 4 Higher
SOYBEANS: Unchanged
SOYBEAN MEAL: $0.60 Lower
LIVE CATTLE: $1.22 Higher
DOW JONES: 141 Points Higher
NASDAQ: 221 Points Higher
CRUDE OIL: $1.38 Higher

MIDDAY MARKET UPDATE:

The block cheese price increased 4.25 cents closing at $1.9025 with six loads traded. The barrels cheese price gained 3.50 cents closing at $1.8150 with four loads traded. The dry whey price remained steady at 58.75 cents. Class III futures are 9 to 40 cents higher. The butter price remained unchanged at $2.38. Grade A nonfat dry milk slipped 0.50 cent closing at $1.3250 with no loads traded. Class IV futures have not yet been traded. Butter futures are 0.45 cent lower to 1.47 cents higher. Dry whey futures are unchanged with trade taking place only in the March contract.





Wednesday Closing Dairy Market Update - Global Dairy Trade Average Price Declined 0.3%

OVERVIEW: Both Class III and IV futures posted similar losses, with most contracts showing double-digit losses. Traders still hold a...