Monday, March 24, 2025

Monday Midday Dairy Market Summary - Cheese Prices Jump

OUTSIDE MARKETS SUMMARY:

CORN: Unchanged
SOYBEANS: 2 Lower
SOYBEAN MEAL: $2.30 Lower
LIVE CATTLE: $0.35 Lower
DOW JONES: 393 Points Higher
NASDAQ: 57 Points Higher
CRUDE OIL: $0.86 Lower

MIDDAY MARKET UPDATE:

The block cheese price increased 1.75 cents closing at $1.62 with 11 loads traded. The barrel cheese price jumped 8 cents closing at $1.63 with four loads traded. Buyers turned more aggressive as orders increased or the price was low enough to generate buying interest for later demand. There were eight unfilled bids and two uncovered offers for loads of blocks. There were two unfilled bids and an uncovered offer for loads of barrels at the close of spot trading. Traders are reluctant to buy into the strength as Class III futures are 6 cents lower to 22 cents higher. The dry whey price remained unchanged at 50.00 cents with no loads traded. The butter price increased by 2.75 cents closing at $2.33 with one load traded. Grade A nonfat dry milk slipped 0.25 cent closing at $1.1425 with one load traded. Class IV futures have not yet been traded. Butter futures are 0.95 cent lower to 1.90 cents higher. Cheese futures are 0.80 cent lower to 1.0 cents higher. Dry whey futures are 0.37 cent higher.



Wednesday Closing Dairy Market Update - Milk Futures Gain on Positive Tariff News

MILK: Class III milk futures found little support from spot prices as the strength of cheese was offset by the weakness of dry whey....