Dairy Markets Week in Review
Cheese prices reversed five weeks of gains the last week of February, likely in response to Friday’s Cold Storage data and lots of product coming to the market. The blocks closed Friday at $1.1750 per pound, down 13 1/2-cents on the week and 89 1/2-cents below a year ago. Barrel closed at $1.18, down 9 cents on the week, and 79 cents below a year ago. Seventy one cars of block traded hands on the week and 25 of barrel. The NASS-surveyed U.S. average on block cheese rose 3.9 cents, to $1.1701. Barrel averaged $1.1965, up 5.2 cents.

Butter closed Friday at $1.15, up 4 3/4-cents on the week, but still 10 cents below a year ago. Sixteen cars were sold. NASS butter averaged $1.0845, up a half cent. NASS nonfat dry milk averaged 81.41 cents, down 0.4 cent, and dry whey averaged 15.91 cents, up 0.4 cent.

Provided courtesy of Dairyline.