Dairy Markets Week in Review
Cheese prices plunged after starting the week on a positive note. Block lost 11 1/4-cents on Wednesday and 13 1/4-cents on Thursday. Barrel saw a record single-day loss on Wednesday of 28 cents, though it rebounded 15 cents on Thursday.
When the dust settled Friday, block closed at $1.8350 per pound, down 23 1/4-cents on the week and 6 3/4-cents below that week a year ago. Barrel closed at $1.80, down 17 cents on the week and 6 1/4-cents below a year ago. Twenty seven cars of block traded hands on the week and 28 of barrel. The NASS U.S. average block price hit $1.9274, up 0.6 cent, and barrel averaged $1.9286, up 0.3 cent.
Cash butter closed Friday at $1.5750, up 3 1/2-cents on the week, and 7 1/4-cents above a year ago. Nothing was sold all week. NASS butter averaged $1.5189, up 0.7 cent. NASS nonfat dry milk averaged $1.4153, up 0.5 cent, and dry whey averaged 26.35 cents, up 0.6 cent.
Cash Grade A nonfat dry milk closed Friday at $1.44, down a penny and a quarter, and Extra Grade closed at $1.44, unchanged on the week.
Provided courtesy of Dairyline.