Dairy Markets Week in Review
The first week of trading in 2007 was a short one. The markets were closed for the New Year’s holiday on Monday and remained closed Tuesday in honor of the passing of President Gerald Ford.
Cash block cheese closed Friday at $1.34 per pound, up a penny on the week, but 2 3/4-cents below that week a year ago. Barrel finished at $1.3450, up 5 1/2-cents on the week, and a half cent above a year ago. Two cars of block traded hands on the week and three of barrel. The NASS surveyed U.S. average block price fell to $1.3039, down 0.9 cent. Barrel averaged $1.2990, up 0.3 cent.
Cash butter closed at $1.20, unchanged on the week, but 20 cents below a year ago. Three cars were sold. NASS butter averaged $1.2085, down 3.1 cents. NASS nonfat dry milk averaged $1.0072, down 3.3 cents. Dry whey averaged 41.62 cent, up 0.2 cent on the week.
Provided courtesy of Dairyline.