Dairyline Markets in Review

Cindy Zimmerman

DairylineDairy Markets Week in Review

Strength continued in the cash cheese market in Chicago the second week of November, with block adding another 6 3/4-cents and closing Friday at
$1.7175 per pound, but that’s still 43 1/4-cents below a year ago when block jumped 9 1/2 cents. Barrel closed Friday at $1.6950, up 5 3/4-cents on the week, but 33 1/2-cents below a year ago. Thirty five cars of block traded hands on the week and only one of barrel. The NASS-surveyed block average hit $1.7713, down 5.2 cents. Barrel averaged $1.7683, down 9.2 cents.

Butter traders were asleep most of the week with the Friday closing unchanged at $1.6350, but 26 cents above a year ago. Only six cars were sold. NASS butter averaged $1.6654, down 4.6 cents. NASS nonfat dry milk averaged 85.65 cents, down 5.3 cents. Dry whey averaged 18.63 cents, down
0.4 cent.

Cash Grade A and Extra Grade nonfat dry milk closed Friday at 90 1/4-cents per pound, down 5 3/4-cents on the week. Uncle Sam must have a lot of holiday baking planned as he purchased another 11.4 million pounds of powder this week under the price support program, pushing the years total purchases to 58.1 million.

Dairyline, General, Markets