Dairyline Markets In Review

Chuck Zimmerman

DairylineDairy Markets Week in Review
I never was a fan of roller coasters and I know dairy farmers aren’t enjoying the up and down ride the cheese market is taking them on. The first Monday in March started on the down side, with blocks dropping a dime to $1.97 per pound, and it only took one offer to do it. It closed Friday at $1.8650, down 20 1/2-cents on the week, but still 47 cents above that week a year ago.

Barrel closed at $1.8675, down 10 1/2-cents on the week, but 47 3/4-cents above a year ago. Eight cars of block traded hands on the week and 23 of barrel. The lagging NASS-surveyed U.S. average block price hit $1.9888, up 10.7 cents. Barrel averaged $1.9662, up 5.4 cents.

Cash butter saw continued strength this week and closed at $1.3225, up 7 1/4 on the week, all on bids, and unchanged from a year ago. Nothing was sold. NASS butter averaged $1.1687, down 1.9 cents. NASS nonfat dry milk averaged $1.2441, down 3 cents, and dry whey averaged 23.66 cents, down 1.3 cents.

Provided courtesy of Dairyline.

Dairyline, Markets