Dairy Markets Week in Review
Anticipating the December Milk Production report Friday afternoon, cash cheese prices continued to weaken the week of January 14. The block price closed Friday morning at $1.65 per pound, down 20 cents on the week (it lost 30 1/4-cents the previous week), 36 1/4-cents above a year ago, but the lowest block price since May.
Barrel closed at $1.8025, down 17 3/4-cents on the week, 49 1/2-cents above a year ago, and a whopping 15 1/4-cents above the blocks. Sixteen cars of block traded hands and four of barrel. The NASS-surveyed U.S. average block price inched up to $1.9956, up 1.5 cents. Barrel averaged $2.0309, up 4.1 cents.
Butter closed Friday at $1.22, down a penny on the week and a half cent below a year ago. Only three cars were sold. NASS butter averaged $1.2413, down 3.8 cents. NASS nonfat dry milk averaged $1.6452, down 8.7 cents, and dry whey averaged 43.59 cents, down 0.6 cent.
Provided courtesy of Dairyline.