Dairy Markets Week in Review
Checking the CME cash dairy markets; cheese saw its fourth consecutive week of loss. Block closed Friday at $1.96 per pound, down 8 cents on the week and 14 cents below a year ago. Barrel closed Friday at $1.95, down 20 cents on the week and 9 3/4-cents below a year ago. Ten cars of block traded hands on the week and seven of barrel. The lagging NASS-surveyed U.S. average block price hit $2.2129, up a nickel. Barrel averaged $2.2265, up 1.1 cent.
Cash butter gained 2 1/2-cents on the week, closing Friday at $1.5025, 1 1/4 cents above a year ago. Only three cars traded hands on the week. NASS butter averaged $1.4531, down 2.1 cents. NASS nonfat dry milk averaged $1.3305, down 3.1 cents, and dry whey averaged 27.81 cents, up 0.1 cent.
Cash Grade A nonfat dry milk closed Friday at $1.45 per pound, down a half-cent on the week. Four cars traded hands on the week. Extra Grade also closed Friday at $1.45, down a penny on the week.
Provided courtesy of Dairyline.