Dairy Markets Week in Review
Block cheese closed the week at $2.0675 per pound, up 6 3/4-cents and 22 1/4-cents above a year ago when the blocks lost 11 1/2-cents and were trading at $1.8450. The Daily Dairy Report credited strong export demand for block cheese but says exports for barrel are non-existent.
Barrel, after losing 6 1/2-cents early in the week, gained it all back and closed Friday at $1.97, unchanged on the week, 14 cents above a year ago, and almost a dime below the blocks. Seven cars of block were sold this week and 12 of barrel. The NASS-surveyed U.S. average block price hit $1.9218, down 2.9 cents. Barrel averaged $1.9313, down 0.3 cent.
Butter closed at $1.54, up a penny on the week, and 2 cents above a year ago. Only three cars traded hands. NASS butter averaged $1.5127, down 2.8 cents. Nonfat dry milk averaged $1.4099, up 1.3 cents. Dry whey averaged 25.83 cents, down 0.9 cent.
Provided courtesy of Dairyline.