Dairy Markets Week in Review

The cash dairy market saw continued weakness in the holiday-shortened week. Block cheese closed Friday at $1.16 per pound, down 1 1/4-cents on the week, and 39 cents below a year ago. Barrel closed Friday at $1.15, down 1 1/2-cents on the week, and 35 3/4-cents below a year ago. Eight cars of block traded hands on the week and none of barrel. The NASS-surveyed U.S. average block price lost a penny, slipping to $1.1902. Barrel averaged $1.1886, down 1.4 cents. Butter closed Friday at $1.1525, up a quarter-cent on the week, but 48 cents below a year ago. Only two cars were sold. NASS butter averaged $1.1254, down 2.3 cents. There were no price support purchases this week.

Provided courtesy of Dairyline.