Dairy Markets Week in Review
Cash block cheese reached a new high for 2007 on September 12, at $2.1625 per pound, just under 4 cents shy of the record set in April 2004. The bad news is it plunged 11 1/4-cents the next day, reminiscent of the 13-cent decline in late June, and lost 6 cents Friday. It closed at $1.99 per pound, down 15 cents on the week, but still 71 3/4-cents above a year ago. Barrel also closed at $1.99, down 11 cents on the week, and also 71 3/4-cents above a year ago. Fourteen cars of block traded hands on the week and 10 of barrel. The lagging NASS U.S. average block price hit $1.9758, up 3.2 cents. Barrel averaged $1.9715, up 3.5 cents.

Butter continued to slip, closing Friday at $1.3725, down 4 1/2-cents on the week, but 6 1/4-cents above a year ago. 27 cars traded hands on the week. NASS butter averaged $1.3912, down 2 1/2-cents. NASS nonfat dry milk averaged $2.0638, up 0.8 cent. Dry whey averaged 50.52 cents, down 4 1/2-cents.
Provided courtesy of Dairyline.