Dairy Markets Week in Review
The cheese price roller coaster headed down the week of March 12 as it anticipated Friday’s February Milk Production report. After posting the high for the year so far at $1.3950 on March 9, the block price closed the following Friday at $1.3525, down 4 1/4-cents on the week, but still 17 cents above a year ago. Barrel closed at $1.3575, down 3 1/4-cents on the week, but 22 1/4-cents above a year ago. Eleven cars of block traded hands and 39 of barrel. The NASS U.S. average block price hit $1.3310, up 0.6 cent. Barrel averaged $1.3430, up 0.7 cent.

Cash butter closed Friday at $1.30, down 2 1/4-cents on the week, but 13 cents above a year ago. Fifteen cars were sold. NASS butter averaged $1.2589, up 5.8 cents. Cash Grade “A” nonfat dry milk gained 3 cents on a bid this week and hit $1.57 per pound while Extra Grade remained at $1.45. The NASS nonfat dry milk price averaged $1.1608, up 1.6 cents on the week, and dry whey averaged a record 69.75 cents, up 4.5 cents on the week.

Provided courtesy of Dairyline.