Dairy Markets Week in Review
The cash cheese market continues to weaken. The block price closed the 4th of July holiday shortened week at $1.9225 per pound, up a quarter-cent on the week but 4 1/4-cents below a year ago. Barrel closed at $1.8750, down 8 1/2-cents on the week and a nickel below a year ago. Fifteen cars of block traded hands on the week and three of barrel. The NASS U.S. average block price fell to $2.0648, down 8.7 cents. Barrel averaged $2.0895, also down 8.7 cents.

Cash butter remains strong with ice cream manufacturers bidding cream away from the churn. The CME cash price closed Thursday at $1.5525, up three-quarters of a cent on the week and 8 3/4-cents above a year ago. Seven cars traded hands on the week. NASS butter averaged $1.4724, up 0.3 cent. NASS nonfat dry milk averaged $1.3610, up slightly, and dry whey averaged 27.58 cents, down 0.1 cent.

Provided courtesy of Dairyline.