Dairyline Markets In Review

Chuck ZimmermanDairyline, Markets

DairylineDairy Markets Week in Review
Block and barrel cheese prices strengthened the last week of January. The block price closed Friday morning at $1.15 per pound, up 7 1/2-cents on the week, 2 cents above support, but 65 cents below that week a year ago when blocks jumped 15 cents, to $1.80. Barrel finished the final week of January at $1.1150, up 1 1/2-cents on the week, but 66 1/2 below a year ago.

Forty one cars of block traded hands on the week and five of barrel. The NASS surveyed U.S. average block price fell to $1.1529, down 7 cents. Barrel averaged $1.1330, down 13 cents.

Butter closed Friday at $1.1025, unchanged on the week but 12 cents below a year ago. Only one car was sold on the week. NASS butter averaged $1.0724, down a half-cent. NASS nonfat dry milk averaged 82.77 cents, down 0.3 cent, and dry whey averaged 16.59 cents, also down 0.3 cent.

Price support purchases for the week amounted to 600,000 pounds of butter and 8.1 million pounds of nonfat powder, raising the market year’s cumulative totals to 2.1 million and 150.1 million pounds respectively.

Provided courtesy of Dairyline.

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