Monday, March 2, 2026

Monday Midday Dairy Market Summary - Butter Price Explodes

OUTSIDE MARKETS SUMMARY:

CORN: 6 Lower
SOYBEANS: 5 Lower
SOYBEAN MEAL: $6.70 Lower
LIVE CATTLE: $0.15 Lower
DOW JONES: 56 Points Lower
NASDAQ: 76 Points Higher
CRUDE OIL: $4.12 Higher

MIDDAY MARKET UPDATE:

The block cheese price declined 0.75 cent to close at $1.1550 with three loads traded. The barrel price declined a penny to close at $1.55 with no loads traded. The dry whey price declined 0.50 cent to close at 62.75 with one load traded. Class III futures are mixed with futures ranging from 10 cents lower to 5 cents higher. The butter price exploded higher, jumping 26.50 cents, closing at $2.1050 with 15 loads traded. Even with the price increase, 15 unfilled bids and one uncovered offer remained at the close. This is the largest single-day price increase since June 4, 2020. Grade A nonfat dry milk declined 4.00 cents to close at $1.6700. This reduced the impact of the strength of butter. Class IV futures are 4 cents lower to 35 cents higher. Butter futures are 0.80 cent lower to 4.00 cents higher. Dry whey futures are 0.50-1.00 cents lower. Cheese futures are 0.80 cent lower to 0.90 cent higher.




Thursday Closing Dairy Market Update - Butter, Cheese Production Exceed a Year Ago

GENERAL OVERVIEW: Class IV futures closed mostly lower despite the increase in butter and nonfat dry milk prices. Class III futures ...