Dairy Markets Week in Review
The cash market ended the second week of June Dairy Month with block cheese at $1.21 per pound, up a penny on the week, but 25 3/4-cents below a year ago. Barrel closed Friday at $1.1825, down 1 3/4-cents on the week, and 23 1/2 cents below a year ago. Four cars of block sold and three of barrel. The NASS U.S. average block priced hit $1.1855, up 1.3 cents. Barrel averaged $1.1966, up 2.1 cents.
Butter closed Friday at $1.1675, down three-quarters on the week, and 27 cents below a year ago. Seven cars sold. NASS butter averaged $1.1565, down 1.2 cents.
Price support purchases this week totaled 6.2 million pounds of nonfat dry milk. That put the cumulative total at 55 million, compared to 31.8 million a year ago.
Provided courtesy of Dairyline.