Dairyline Markets In Review

Cash cheese prices headed south in the President’s Day holiday shortened week as the markets awaited Friday afternoon’s January Milk Production report. The blocks closed Friday morning at $1.4125 per pound, down 9 1/4-cents on the week, but still 10 1/4-cents above a year ago. The barrels closed at $1.3775, down 6 3/4-cents on the week, and 10 3/4s below a year ago. Fifteen cars of block traded hands on the week and 12 of barrel. The NASS U.S. average block price hit $1.5024, up 2.7 cents. Barrel averaged $1.5098, down 1.6 cents.

Butter lost a penny Tuesday, then jumped a nickel, but gave back 2 on Friday to close at $1.36, up 2 cents on the week, and 25 3/4-cents above a year ago. Twenty eight cars were sold. NASS butter averaged $1.3503, down 4.2 cents.

Cash Grade A nonfat dry milk finished the week at $1.12, up 1 1/2-cents, while Extra Grade held all week at $1.24. NASS nonfat dry milk averaged $1.1417, down 0.3 cent, and dry whey averaged 39.6 cents, up 0.6 cent.

Provided courtesy of Dairyline.