Cash dairy trading in the final week of May saw block cheese close at $1.4650 per pound, down 3 1/2-cents on the week, but 31 1/4-cents above a year ago. Barrel closed at $1.43, down 4 3/4-cents on the week, and 33 cents above a year ago. Eight cars of block traded hands on the week and 14 of barrel. The lagging NASS-surveyed U.S. average block price gained 0.9 cent, hitting $1.3988. Barrel averaged $1.4155, up 1 1/2-cents.
Butter closed the week at $1.5575, down 2 1/4-cents but 29 1/4 above a year ago. Only one car was sold all week. NASS butter averaged $1.5837, down 0.6 cent.
Cash Grade A and Extra Grade nonfat dry milk held all week at $1.30 and $1.29 respectively. NASS powder averaged $1.2722, up 1.9 cents, and dry whey averaged 36.46 cents, down 0.1 cents.
Provided courtesy of Dairyline.