Dairy Markets Week in Review
Weakness continued in the cash cheese market the second week of March. Block cheese ended the week at $1.81 per pound, down 5 1/2-cents, but 45 3/4-cents above that week a year ago. Barrel closed Friday at $1.74, down 12 3/4-cents on the week, but 38 1/4-cents above a year ago. Seventeen cars of block traded hands on the week and 15 of barrel.
The NASS-surveyed U.S. average block price hit $2.0452, up 5.6 cents. Barrel averaged $2.0014, up 3.5 cents.
Cash butter continued to move higher on bids and closed Friday at $1.3525, up 3 cents on the week, and 5 1/4 cents above a year ago. Nothing was sold on the week. Grade A and Extra Grade nonfat dry milk dropped a dime, to $1.30 per pound.
NASS-surveyed butter averaged $1.2065, up 3.8 cents. Nonfat dry milk averaged $1.2679, up 2.4 cents, and dry whey averaged 24.72, up 1.1 cents on the week.
Provided courtesy of Dairyline.