Tuesday, February 4, 2025

Tuesday Midday Dairy Market Summary - Cheese Finds Strength

OUTSIDE MARKETS SUMMARY:

CORN: 8 Higher
SOYBEANS: 16 Higher
SOYBEAN MEAL: 10 Higher
LIVE CATTLE: $1.275 Lower
DOW JONES: 40 Points Higher
NASDAQ: 178 Points Higher
CRUDE OIL: $0.58 Lower

MIDDAY MARKET UPDATE:

The block cheese price gained 3.375 cents closing at $1.90 with three loads traded. This was the only loads traded of any product for the day. The barrel cheese price gained 1.5 cents, closing at $1.8050 with no loads traded. There were five bids and one offer unfilled at the close. The dry whey price remained steady closing spot trading at 62 cents with no loads traded. Class III futures are 18 to 34 cents higher. The butter price remained steady closing at $2.43 with no loads traded and only one bid the entire trading session. Grade A nonfat dry milk closed at $1.34 with no loads traded. Class IV futures have not yet been traded. Butter futures are 1.150 to 1.450 cents higher. Dry whey futures are steady to 1.3 cents higher.





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...