Dairy Markets Week in Review
The cash cheese market strengthened this week as it awaited Friday afternoon’s June Milk Production report. Forty pound block closed at $2.00 per pound, up 6 3/4-cents on the week and 15 1/2-cents above a year ago, when the blocks tumbled 11 1/2-cents, to $1.8450.
500-pound barrel closed Friday at $1.97, up a nickel on the week and 13 cents above a year ago, when the barrels lost a dime. No block traded hands this week but three cars of barrel were sold. The NASS-surveyed U.S. average block price fell to $1.9512, down 4.3 cents. Barrel averaged $1.9346, down a nickel.
Butter fell to $1.53, down 2 cents on the week, but a penny above a year ago. Four cars were sold on the week. NASS butter averaged $1.5406, up 3.2 cents. NASS nonfat dry milk averaged $1.3957, down slightly, and dry whey averaged 26.67 cents, down 0.6 cent.
Provided courtesy of Dairyline.