Thursday, March 20, 2025

Thursday Midday Dairy Market Summary - Milk Futures Struggle to Find Support

OUTSIDE MARKETS SUMMARY:

CORN: 6 Higher
SOYBEANS: 4 Higher
SOYBEAN MEAL: $1.00 Lower
LIVE CATTLE: $0.90 Higher
DOW JONES: 57 Points Higher
NASDAQ: 35 Points Lower
CRUDE OIL: $1.18 Higher

MIDDAY MARKET UPDATE:

The block cheese price increased 1.50 cents closing at $1.62 with four loads traded. The barrel cheese price remained unchanged at $1.5650 with no loads traded. The dry whey price increased a penny closing at 48 cents with one load traded. This is not enough to support the market as slightly higher futures have slipped back to mostly minor losses. Buyer interest needs to improve, or the market will continue to flounder. Class III futures are 8 cents lower to 4 cents higher. The butter price remained steady for the second consecutive day. This does not indicate anything other than buyers and sellers did not have to do any business. The price remained at $2.2950 with no loads traded. Grade A nonfat dry milk slipped 0.50 cent closing at $1.15 with two loads traded. Class IV futures have not yet been traded. Butter futures are 0.62 cent lower to 0.50 cent higher. Dry whey futures are steady to 0.97 cent higher.





Thursday Closing Dairy Market Update - USDA Raises Milk Production

MILK: Milk futures could not uncover buying interest, though cash prices increased in all categories. Cheese prices increased for th...