Thursday, March 27, 2025

Thursday Midday Dairy Market Summary - Cheese Prices Regain Losses

OUTSIDE MARKETS SUMMARY:

CORN: 3 Lower
SOYBEANS: 16 Higher
SOYBEAN MEAL: $0.90 Higher
LIVE CATTLE: $1.85 Higher
DOW JONES: 152 Points Lower
NASDAQ: 61 Points Lower
CRUDE OIL: $0.14 Higher

MIDDAY MARKET UPDATE:

The block cheese price increased 1.75 cents, closing at $1.6475 with six loads traded. This gained back the loss of Wednesday and then some. The barrel cheese price increased 0.50 cent gaining back what it lost on Wednesday and closing at $1.6350 with one load traded. Dry whey decreased 0.50 cent, closing at 49.50 cents with one load traded. Class III futures are 8 cents lower to 21 cents higher. The butter price increased 3.50 cents, closing at $2.3650 with 15 loads traded. There were three unfilled bids and five uncovered offers remaining at the close of spot trading. Grade A nonfat dry milk decreased a penny, closing at $1.15 with one load traded. Class IV futures have only traded in the February 2026 contract, posting a gain of 24 cents with 118 contracts traded. This is very unusual for that much trading volume in one Class IV contract and especially that far out. Butter futures are 1.00 to 5.85 cents higher. Dry whey futures are 0.80 cent higher.



Wednesday Morning Dairy Market Update - Traders Search for Price Direction

OPENING CALLS: Class III Milk Futures: Mixed Class IV Milk Futures: Mixed B...