Dairy Markets Week in Review
The cash butter market saw 17 consecutive sessions of gain and closed Friday (May 9th), at $1.47 per pound, up 3 cents on the week but 2 cents below a year ago. Two cars traded hands. The lagging NASS-surveyed butter price averaged $1.3683, up 0.2 cent. NASS nonfat dry milk averaged $1.2759, up 1.4 cents, and dry whey averaged 26.63 cents, up a half cent.
Block cheese almost hit $2.00 again, closing Friday at $1.9975, up 5 3/4-cents on the week and 30 1/4-cents above a year ago. Barrel closed at $1.98, up a nickel on the week and 32 3/4-cents above a year ago. Eight cars of block traded hands and two of barrel. The NASS U.S. average block price hit $1.8955, up a nickel. Barrel averaged $1.8550, up 6.1 cents.
Cash Grade A and Extra Grade nonfat dry milk closed at $1.42 perpound each, both up 2 cents on the week.
Provided courtesy of Dairyline.