Dairy Markets Week in Review
The Labor Day week’s weakness carried over to this week’s cash market though some strength did develop as it anticipated the August Milk Production report on Monday. Block cheese closed Friday at $1.2725, down 2 3/4-cents on the week, and 32 1/4-cents below a year ago. Barrel also closed at $1.2725, up three-quarters of a cent on the week, but 28 1/2-cents below a year ago. Twelve cars of block traded hands on the week and three of barrel. The NASS U.S. average block price gained a nickel, hitting $1.2678. Barrel averaged $1.3026, up 6.4 cents.
Butter closed Friday at $1.31, up a penny on the week, but 41 1/2-cents below a year ago. 33 cars were sold. NASS butter averaged $1.3061, down 0.1 cent.
Provided courtesy of Dairyline.