Dairy Markets Week in Review
Cheese prices suffered a short-lived relapse at the beginning of the week of May 7th. It started in the barrel market the Friday before and saw four successive declines before rebounding. Block plunged 3 1/4-cents on Monday but finished the week at $1.6950 per pound, down three-quarters of a cent on the week, and 52 1/2-cents above that week a year ago.
Barrel dropped as low as $1.60 but closed Friday at $1.6526, up 1 3/4-cents on the week, and 47 1/4-cents above a year ago. Eight cars of block traded hands and 29 of barrel. The NASS U.S. average block price hit $1.4719, up 5.1 cents. Barrel averaged $1.4875, up 4.2 cents.
Butter closed Friday at $1.49, up 3 1/2-cents on the week, and 31 1/4-cents above a year ago. Two cars were sold. NASS butter averaged $1.3902, up 2.2 cents.
Cash Grade A nonfat dry milk held all week at $2.00 after jumping 35 cents the previous week. Extra Grade gained 35 cents this week and closed at $1.80 but no sellers were enticed to the market. NASS-surveyed nonfat dry milk averaged $1.5593 per pound, up 4 cents. Dry whey averaged 76.68 cents, down 1.5 cents.
Provided courtesy of Dairyline.