Dairy Markets Week in Review
The cash cheese market strengthened in the President’s Day shortened week. Block cheese closed that Friday at $1.37 per pound, up 7 1/2-cents on the week, and 24 1/4-cents above that week a year ago. Barrel closed at $1.35, up 7 3/4-cents on the week, and 24 1/2-cents above a year ago. Seven cars of block traded hands on the week and 12 of barrel. The NASS-surveyed U.S. average on blocks hit $1.3240, up 2.1 cents. Barrel averaged $1.3591, up a penny.
Cash butter closed at $1.21, unchanged on the week, but 5 1/4-cents above a year ago. Five cars were sold. NASS butter averaged $1.2088, down 1.3 cents.
The cash Grade “A” nonfat dry milk price gained 7 1/2-cents, hitting $1.5250. One car was even sold. Extra Grade remained at $1.45. The NASS nonfat dry milk price gained 0.3 cents, hitting $1.0974. Dry whey averaged a record 61.41 cents, up another 3 cents on the week. It has gained 20 cents since the first of the year and every penny equates to about 6 cents on the Class III milk price.
Provided courtesy of Dairyline.