Dairy Markets Week in Review
Happy New Year!
All eyes are on cheese prices where blocks plunged to the government support level Wednesday, closing the New Year’s holiday week at $1.1325 per pound, down 13 3/4-cents on the week, $1.02 below that week a year ago, and the lowest block price since March 2006. Barrel closed at $1.13, down 17 3/4-cents on the week and 96 cents below a year ago. Eight cars of block traded hands on the week and two of barrel. The NASS prices were not available at our deadline.
Butter closed at $1.13, down a penny on the week and 8 3/4-cents below a year ago. Five cars were sold on the week. Cash Grade A and Extra Grade nonfat dry milk both closed at 85 cents per pound, down a penny and a half on the week.
Provided courtesy of Dairyline.