Dairy Markets Week in Review
Dairy prices remain weak. Block cheese at the Chicago Mercantile Exchange closed Friday at $1.16 per pound, unchanged on the week, but 39 cents below a year ago. Barrel closed at $1.12, down 3 cents, and 39 cents below a year ago. Five cars of each traded hands on the week. The NASS U.S. average block price fell to $1.1789, down 1.1 cents. Barrel averaged $1.1725, down 1.6 cents.
Butter closed at $1.1450, down three-quarter cents on the week, and 49 1/2-cents below a year ago. Three cars were sold. The NASS butter price averaged $1.1291, down 0.4 cent.
Provided courtesy of Dairyline.