Dairy Markets Week in Review

The cash dairy markets saw little change the first week of April. Block cheese ended Friday at $1.28 per pound, down a penny on the week and 53 1/4-cents below a year ago. Barrel closed Friday at $1.26, down 3 3/4-cents on the week and 49 1/2-cents below a year ago. Seventeen cars of block traded hands on the week and 11 of barrel. The NASS-surveyed U.S. average block price gained 1.6 cents, hitting $1.2379. Barrel averaged $1.3173, up 4.1 cents.

Butter ended the week at $1.18, down three quarters of a cent, and 19 1/4 cents below a year ago, while the NASS average was up 0.9 cent, at $1.1695. Six cars were sold on the week. NASS nonfat dry milk averaged 81.52 cents, down 0.3 cent. Dry whey averaged 17.45 cents, up 0.2 cent.

Uncle Sam purchased 4 million pounds of nonfat dry milk in price support purchases this week, raising the cumulative total to 209.4 million, compared to none a year ago.

Provided courtesy of Dairyline.