Dairy Markets Week in Review
Block cheese closed Friday (May 12th) at $1.17 per pound, up a penny on the week, but 30 1/2-cents below a year ago. Barrel closed at $1.18, up 5 1/2 cents on the week, but 26 cents below a year ago. Four cars of block traded hands and five of barrel. Barrel hasn’t topped the blocks since August 2005. The NASS U.S. average block price hit $1.1502, down a penny. Barrel averaged $1.1387, up 0.4 cent.
Butter closed at $1.1775, up a quarter-cent on the week, but 23 1/2-cents below a year ago. Only one car was sold. NASS butter averaged $1.1621, up 1.2 cents.
Provided courtesy of Dairyline.