Dairyline Markets In Review

Chuck ZimmermanDairyline, Markets

Block and barrel cheese inched higher the second week of May, with the blocks ending the week 8 1/4-cents higher, at $1.4625 per pound, 33 cents above that week a year ago. Barrel closed Friday at $1.4175, up 4 1/2-cents on the week and 33 3/4-cents above a year ago. Six cars of block traded hands on the week and 15 of barrel. The lagging NASS-surveyed U.S. average block price lost 2.2 cents, slipping to $1.4040. Barrel averaged $1.3931, down 0.1 cent.

Cash butter continued to recoup some of the previous week’s loss and closed Friday at $1.6150, up a penny on the week and 35 cents above a year ago. Only one car was sold on the week. NASS butter averaged $1.5865, up 3.7 cents.

Cash Grade A nonfat dry milk closed three quarters of a cent higher on the week, at $1.3350. Extra Grade held all week at $1.30. NASS powder averaged $1.2389, up 2.2 cents, and dry whey averaged 36.07 cents, up 0.3 cent.

Provided courtesy of Dairyline.