Dairy Markets Week in Review
The cash cheese market sent some mixed signals the second week of November. The blocks inched a penny higher on Monday and stayed there until Friday when they gained another half cent, to close at $1.5750 per pound, but that’s 14 1/4-cents below a year ago. Barrels lost 9 cents during the week but regained three quarters on Friday, to close at $1.4425, 25 1/4-cents below a year ago and 13 1/4 below the blocks. Twenty five cars of block traded hands on the week and 12 of barrel. The NASS U.S. average block price inched 0.7 cent higher, to $1.4756. Barrel averaged $1.5029, up 2.9 cents.

Butter started the week with a 2 1/2-cent jump, to $1.5250, and that was all she wrote. That’s 11 cents below a year ago. Twenty nine cars traded hands on the week. NASS-surveyed butter averaged $1.3140, up 1.9 cents.

Cash powder was pretty quiet all week though Grade A gained a penny, to close at $1.38, while Extra Grade held at $1.40. NASS powder averaged $1.1215, up 10.2 cents. Dry whey averaged 34.39 cents, up 0.4 cent.

There were no price support purchases on the week nor were there any Dairy Export Incentive program bid acceptances.

Provided courtesy of Dairyline.