Wednesday, March 19, 2025

Wednesday Midday Dairy Market Summary - Class III Futures Show Life

OUTSIDE MARKETS SUMMARY:

CORN: 2 Higher
SOYBEANS: Unchanged
SOYBEAN MEAL: $3.00 Lower
LIVE CATTLE: $1.37 Higher
DOW JONES: 156 Points Higher
NASDAQ: 129 Points Higher
CRUDE OIL: $0.34 Higher

MIDDAY MARKET UPDATE:

The block cheese price increased 3 cents, closing at $1.6050 with seven loads traded. The barrel cheese price slipped 0.50 cent closing at $1.5650 with one load traded. There were three unfilled bids for loads of blocks with one uncovered offer and an unfilled bid for a load of barrels remained at the close. The dry whey price increased a penny closing at 47 cents with one load traded. Class III futures are 2 cents lower to 24 cents higher. The butter price remained steady at $2.2950 with no loads traded and two uncovered offers remaining at the close. Grade A nonfat dry milk remained unchanged at $1.1550 with no loads traded. Class IV futures are 6 cents lower. Butter futures are 0.90 cent lower to 1.00 cents higher. Dry whey futures are 0.75 cent lower to 0.80 cent higher.



Friday Closing Dairy Market Update - Cheese Prices Reach a Peak, While Butter Finds Support

OVERVIEW: It was a volatile week for the cash cheese and milk futures contracts. Cheese prices reached a temporary peak, while butte...