Chuck ZimmermanDairyline, Markets

DairylineDairy 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.