Dairy Markets Week in Review
The cash block cheese market continued to weaken the second week of June and closed Friday at $2.04 per pound, down 12 cents on the week, and just 4 cents above a year ago. Barrel closed at $2.15, unchanged on the week, 10 cents above a year ago, and 11 cents above the blocks.
Sixteen cars of block traded hands on the week and none of barrel. The NASS-surveyed U.S. block average hit $2.1630, up 9.1 cents, while barrel averaged $2.2152, up 7.8 cents.
Butter closed at $1.4775, down a quarter-cent, and a quarter-cent below a year ago. Four cars sold. NASS butter averaged $1.4741, down 0.2 cent.
Nonfat dry milk averaged $1.3613, up 2.3 cents. Dry whey averaged 27.61 cents, up a half-cent. There were a couple of sales of nonfat dry milk in the cash market this week but prices were unchanged. Grade A held at $1.4650 and Extra Grade at $1.46.
Provided courtesy of Dairyline.