Friday, March 28, 2025

Friday Midday Dairy Market Update - Heavy Trading Activity in the Spot Market

OUTSIDE MARKETS SUMMARY:

CORN: 2 Higher
SOYBEANS: 8 Higher
SOYBEAN MEAL: $1.40 Lower
LIVE CATTLE: $0.65 Lower
DOW JONES: 735 Points Lower
NASDAQ: 478 Points Lower
CRUDE OIL: $0.50 Lower

MIDDAY MARKET UPDATE:

The block cheese price declined 1.25 cents, closing at $1.6350 with 20 loads traded. The barrel cheese price remained unchanged at $1.6350 with eight loads traded. There was a lot more activity that might have taken place, but buyers and sellers could not come together. There were three unfilled bids for blocks and five uncovered offers. There were three unfilled bids for barrels and one uncovered offer. The dry whey price gained 0.50 cent, closing at 50.00 cents with no loads traded. Class III futures are 29 cents lower to 14 cents higher. The butter price declined 1.50 cents, closing at $2.35 with 21 loads traded. There were 11 unfilled bids and one uncovered offer remaining at the close. Nonfat dry milk gained 1.25 cents, closing at $1.1625 with four loads traded. Class IV futures have only traded in the July contract with the price up 21 cents. Butter futures are 2.50 cents lower to 0.95 cent higher. Dry whey futures are unchanged to 0.97 cent higher.






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