Dairy Markets Week in Review
The cheese market strengthened the week of October 22, with block cheese closing Friday at $2.00 per pound, up 15 1/4-cents on the week, and 76 cents above a year ago. Barrel closed at $1.91, up 3 1/4-cents on the week, and 66 1/4-cents above a year ago. Twenty eight cars of block traded hands on the week and two of barrel. The NASS-surveyed U.S. average block price fell to $1.8719, down 2.5 cents. Barrel averaged $1.8996, down 2.6 cents.
Butter closed Friday at $1.29, unchanged on the week, but 1 1/2-cents above a year ago. Eleven cars were sold. Cash Grade “A” nonfat dry milk lost 11 cents, dipping to $2.00, on an offer. It was the first price movement since June 1.
NASS butter averaged $1.2734, down 2.1 cents. NASS nonfat dry milk averaged $2.0696, down 1.6 cents, and dry whey averaged 41.51 cents, up 0.5 cent.
Provided courtesy of Dairyline.