Dairy Markets Week in Review
Cash cheese weakened the last week of February, following the previous week’s gains. Block closed Friday at $1.3450 per pound, down 2 1/2-cents on the week, but still 22 1/4-cents above that week a year ago when block hit its low point of the year at $1.1225.
Barrel, after some ups and downs, closed Friday at $1.35, unchanged on the week, but 24 1/2-cents above a year ago. Seven cars of block traded hands on the week and 39 of barrel. The latest NASS-surveyed block price averaged $1.3189, down 0.5 cent. Barrel averaged $1.3309, down 2.8 cents.
Butter closed Friday at $1.3150, up a surprising 10 1/2-cents on the week, and 9 3/4-cents above a year ago. Twelve cars were sold. There’s plenty of butter on hand. NASS butter averaged $1.1998, down 1.1 cent.
Provided courtesy of Dairyline.