Dairyline Markets In Review

The cash dairy markets were anticipating last Thursday’s milk production report. The block cheese price, after holding steady for five straight sessions, inched up a quarter-cent Friday, despite the milk production data, and closed at $1.27 per pound, up a quarter-cent on the week, but 2 1/4-cents below a year ago. Barrel closed at $1.2650, also up a quarter-cent Friday and on the week, and 3 1/4-cents below a year ago. Sixteen cars of block traded hands on the week and 22 of barrel. The latest NASS-surveyed U.S. average block price hit $1.3901, down 4.8 cents. Barrel averaged $1.3370, down 6 cents.

Butter closed at $1.47, up 1 1/2-cents on the week, and 28 3/4-cents above a year ago. Six cars were sold. NASS butter averaged $1.4367, up 2.8 cents.

Cash Grade A nonfat dry milk closed the week at $1.1150, up a half-cent. Extra Grade held all week at $1.12. NASS powder averaged $1.0490, down 0.6 cent, and dry whey averaged 38.02 cents, down 0.4 cent.

Provided courtesy of Dairyline.