Dairy Markets Week in Review
Cash cheese prices reversed gears the first full week of July, National Ice Cream month. Cheese started the week with some losses but reversed direction. The cash block price closed Friday at $1.9325 per pound, up a penny on the week but 2 3/4-cents below that week a year ago. Barrel finished at $1.92, up 4 1/2-cents on the week but a penny below a year ago. Twenty nine cars of block traded hands on the week and 34 of barrel. The NASS-surveyed U.S. average block price fell 7 cents, to $1.9945. Barrel averaged $1.9849, down 10.5 cents.

Butter closed the week at $1.55, down a quarter-cent, but 6 cents above a year ago. Seven cars traded hands on the week. NASS-surveyed butter averaged $1.5083, up 3.6 cents. NASS Nonfat dry milk averaged $1.3955, up 3.3 cents, and dry whey averaged 2.26 cents, up 0.3 cent.

Provided courtesy of Dairyline.