Dairy Markets Week in Review
40-pound block cheese closed this at $1.8025 per pound, up 9 1/4-cents on the week, 64 cents above a year ago, and the highest it’s been since November 2004. Barrel closed at $1.80, up 11 cents on the week, and 68 cents above a year ago. Fifteen cars of block traded hands and only one of barrel. The NASS-surveyed block average hit $1.6262, up 6.7 cents. Barrel averaged $1.6204, up 6 cents on the week.
Cash butter closed Friday at $1.51, up 1 3/4-cents on the week, and 31 cents above a year ago. Thirteen cars traded hands. NASS butter averaged $1.4272, down 0.1 cent. NASS nonfat dry milk averaged $1.6698, up 2.6 cents, and dry whey averaged 75.52 cents per pound, down 0.3 cent on the week.
Cash Grade “A” nonfat dry milk, on a bid, jumped 6 cents, to $2.06 per pound while Extra Grade remained unchanged at $1.80.
Provided courtesy of Dairyline.