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Dairyline Markets In Review

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The cash dairy market seemed to ignore the bearish milk production data. Block cheese closed Friday at $1.6475 per pound, up 2 3/4-cents on the week, and 25 3/4-cents above a year ago. Barrel closed at $1.6150, up 3 cents on the week, and 24 1/2-cents above a year ago. The gains all came on unfilled bids. No cheese was traded on the week. The NASS-surveyed U.S. average block price hit $1.5974, up 1.4 cents. Barrel averaged $1.5913, also up 1.4 cents.

Butter stole the show, jumping eight cents on Thursday, and closed Friday at $2.04, up 121/4-cents on the week, 87 cents above a year ago, and the highest in six years. Eight cars were sold. NASS butter averaged $1.8508, up 4.8 cents.

Cash Grade A nonfat dry milk closed the week at $1.20, down a penny, while Extra Grade held all week at $1.2250. NASS powder averaged $1.1354, down 4.1 cents, and dry whey averaged 35.83 cents, down 0.1 cent.

Provided courtesy of Dairyline.


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