Dairy Markets Week in Review
The cheese price roller coaster reversed two weeks of losses. Block closed Friday (October 10th), at $1.88 per pound, up 7 cents on the week and 3 1/4-cents above a year ago. Barrel closed at $1.8350, up 4 1/4 cents on the week but 3 1/4-cents below a year ago. Three cars of block traded hands on the week and none of barrel. The NASS-surveyed U.S. average block price hit $1.9194, up 7.1 cents. Barrel averaged $1.9253, up 4.1 cents.
Butter continued the previous week’s slippage but rallied Friday and closed at $1.7025, still down 4 1/4-cents on the week, but 41 3/4-cents above a year ago. Six cars were sold. NASS butter averaged $1.6833, up slightly.
Cash Grade A and Extra Grade nonfat dry milk closed at $1.00 per pound each, down a nickel on the week for Grade A, and down a dime on the Extra Grade. NASS surveyed nonfat dry milk averaged $1.0646 per pound, down 10.7 cents, and dry whey averaged 20.21 cents, down 0.8 cent.
Provided courtesy of Dairyline.