Dairy Markets Week in Review
The crash you heard January 7th was a 40-pound block of cheese at the Chicago Mercantile Exchange. We have seen several large single-day drops in the past two to three months only to see it rally a few days later. This time it was a 15 1/4-cent plunge and, while it regained almost a nickel the next day, it gave that up and more on Wednesday and ended Friday at $1.85 per pound, down 30 1/4-cents on the week, but still 54 1/4-cents above that week a year ago.

Barrel closed Friday at $1.98, down 11 cents on the week but 65 cents above a year ago. Sixteen cars of block traded hands on the week and five of barrel. The lagging NASS-surveyed U.S. average block price inched 0.9 cent lower, to $1.9803. Barrel averaged $1.9902, down 2.8 cents.

Provided courtesy of Dairyline.