Dairy Markets Week in Review
The block cheese price closed the first Friday of June Dairy month at $1.1475 per pound, down a half-cent on the week, and $1.0125 below a year ago. Barrel closed at $1.10, unchanged on the week, but $1.05 below a year ago. 21 carloads of block found new homes on the week and five of barrel. The NASS-surveyed U.S. average block price slipped to $1.1425, down 0.6 cent on the week, and barrel averaged $1.0987, down 0.1 cent.
Butter closed at $1.2525, down 1 1/4-cents on the week, the first decline since mid March, and 22 3/4-cents below a year ago. Twenty nine cars were sold. NASS butter averaged $1.2519, up 1.4 cents. Nonfat dry milk averaged 84.3 cents, up 1.2 cents, and dry whey averaged 24.49 cents, up 0.6 cent.
Cash Grade A nonfat dry milk closed at 90.25 per pound, up a quarter-cent on the week, while Extra Grade held at 87.50.
Price support purchases for the week totaled 4.1 million pounds of nonfat dry milk, pushing the cumulative total to 243.6 million, compared to none a year ago.
Provided courtesy of Dairyline.