Dairy Markets Week in Review
The cash dairy markets showed little reaction to the milk production data which appeared bullish; but concern over the October Cold Storage report, may have kept the markets from moving much, though block cheese gained almost 2 cents Friday morning and the barrels jumped 5 3/4 cents.

Block cheese closed the third Friday of November at $1.60 per pound, up 2 1/2-cents on the week, but still 17 cents below a year ago. Barrel closed at $1.50, up 5 3/4-cents on the week, 24 cents below a year ago, and a dime below the blocks. Seven cars of block traded hands on the week and three of barrel. The NASS-surveyed U.S. average block price hit $1.5044 per pound, up 3 cents. Barrel averaged $1.5113, up 0.8 cent.

Butter closed the week unchanged at $1.5250, but 6 1/2-cents below a year ago. Thirteen cars were sold on the week. NASS butter averaged $1.4004, up 8.6 cents.

Both cash Grade A and Extra Grade nonfat dry milk closed Friday at $1.40 per pound, up 2 cents on the week for the Grade A. NASS powder averaged $1.1115, down 0.7 cent, and dry whey averaged 34.68 cents, up 0.3 cent.

Provided courtesy of Dairyline.