Dairy Markets Week in Review

Cheese prices remain below the government support level. The block price dropped 2 cents Friday despite the CWT announcement of a second herd removal, and closed at $1.09 per pound, down 2 1/2-cents on the week, 84 1/4-cents below a year ago, and 4 cents below support. Barrel also closed at $1.09, down a penny on the week, 83 cents below a year ago, and a penny below support. Thirty four cars of block traded hands on the week and 14 of barrel. The NASS-surveyed U.S. average block price slipped to $1.1373, down 1.2 cents. Barrel averaged $1.0986, down 1.4 cents.

Cash butter closed Friday at $1.2225, up 3 cents on the week, but 32 3/4-cents below a year ago. Eighteen cars were sold. NASS butter averaged $1.1770, up 0.2 cent. NASS nonfat dry milk averaged 83.91 cents, down a penny, and dry whey averaged 28.11 cents, up 0.9 cent.

Provided courtesy of Dairyline