Dairyline Markets In Review

Cash cheese prices lost more ground in the final week of February. The blocks closed Friday at $1.34 per pound, down 7 1/4-cents on the week, but are still 16 1/2-cents above a year ago when the blocks plunged 13 1/2 cents, to $1.1750. Barrel cheese closed Friday at $1.29, down 8 3/4-cents on the week, but 11 cents above a year ago.

The losses were on top of the previous week’s declines of 9 1/4 and 6 3/4-cents respectively. Thirty one loads of block traded hands on the week and 15 of barrel. The lagging NASS-surveyed U.S. average price on block cheese gained 0.4 cent, hitting $1.5059. Barrel averaged $1.5005, down 0.9 cent.

Butter closed February at $1.4050 per pound, up 4 1/2-cents on the week, and 25 1/2-cents above a year ago. Thirteen cars sold on the week and the NASS butter price averaged $1.3407, down a penny . NASS nonfat dry milk averaged $1.0697, down 7.2 cents, and dry whey averaged 39.46 cents, down 0.1 cent.

Provided courtesy of Dairyline.