Dairy Markets Week in Review
The cash dairy market continued its roller coaster performance the week of November 6, this time on the upswing. Block cheese dropped to $1.29 on Monday but then recovered and closed Friday at a year high $1.40 per pound, up 8 1/4-cents on the week, and 3 cents above that week a year ago. Barrel also closed at $1.40 Friday, up 8 3/4-cents on the week, and 7 3/4-cents above a year ago. Seven cars of block traded hands and eight of barrel. The NASS U.S. average block price hit $1.2298, up 1.4 cents. Barrel averaged $1.2597, up 2.7 cents.
Butter closed Friday at $1.33, up 5 1/2-cents on the week, but 7 cents below a year ago. Fifty one cars were sold on the week. NASS butter averaged $1.2608, down 4.4 cents. Cash Extra Grade nonfat dry milk closed Friday at $1.20 per pound, up 15 cents on the week. Grade A held all week at $1.65.
Provided courtesy of Dairyline.