Dairy Markets Week in Review
The cash cheese market apparently viewed this Wednesday’s milk production report as bearish. Blocks closed Friday at $1.8450 per pound, down 11 1/2-cents on the week, but still 68 1/2-cents above that week a year ago. Barrel closed at $1.83, down a dime on the week, but 71 1/2-cents above a year ago. Seven cars of block traded hands on the week and 12 of barrel. The NASS-surveyed U.S. average block price slipped 2.5 cents, to $1.9957. Barrel averaged $1.98, down 3.7 cents.

Butter closed Friday at $1.52, up 3 cents on the week, and 36 3/4-cents above a year ago. Ten cars were sold. NASS butter averaged $1.4489, down 2.1 cents. NASS nonfat dry milk averaged $2.0389, up 0.7 cent. Dry whey averaged 73.45 cents, down 1.8 cents.
Provided courtesy of Dairyline.