Dairy Markets Week in Review
Cheese prices continued to strengthen during the shortened Labor Day week and topped previous highs for the year. Block closed Friday at $2.14 per pound, up 6 1/2-cents on the week and 84 cents above that week a year ago when block was selling at the same $1.30 a pound that butter was.
The barrel price closed Friday at $2.10, up 9 cents on the week, and 83 1/2-cents above a year ago. Seven cars of block traded hands and five of barrel. The NASS U.S. average block price hit $1.9441, up 3.5 cents. Barrel averaged $1.9367, up 3 cents.
Butter closed Friday at $1.4175, down a half-cent on the week and 11 3/4-cents above a year ago. 14 cars traded hands. NASS butter averaged $1.4220, up 4.2 cents but NASS nonfat dry milk lost 2.2 cents, averaging $2.0548, the first decline since early August. Dry whey averaged 55.03 cents, down 2.9 cents on the week.
Provided courtesy of Dairyline.