Dairy Markets Week in Review
Block cheese closed Friday, May 4th, at $1.7025 per pound, up 15 1/4-cents on the week, 54 1/4-cents above a year ago, and the highest it’s been since January 2005. Block had gained 27 3/4-cents over the last 14 consecutive trading sessions.
Barrel gave up three-quarters of a cent on Friday but closed at $1.6350, up 14 cents on the week, and 51 cents above a year ago. Ten cars of block traded hands on the week and 25 of barrel. The NASS U.S. average block price hit $1.4210, up 1.6 cents. Barrel averaged $1.4459, up 2.1 cents.
Butter closed Friday at $1.4550, up 4 3/4-cents on the week, and 28 cents above a year ago. Nothing sold in the spot market. NASS butter averaged $1.3684, up 2 cents. NASS nonfat dry milk averaged $1.5192, up 3.1 cents, but dry whey lost 1.2 cents, averaging 78.13 cents per pound, the first decrease since early March.
Provided courtesy of Dairyline.