Dairy Markets Week in Review
Block cheese closed the week of May 14th at $1.71 per pound, up 1 1/2-cents on the week, 55 cents above a year ago, and the highest block price since January 2005. Barrel closed at $1.69, up 3 3/4-cents on the week, and 57 1/2-cents above a year ago. Twenty cars of block traded hands on the week and only one of barrel. The NASS-surveyed U.S. average block price hit $1.5597, up 8.8 cents. Barrel averaged $1.5601, up 7.3 cents.

Butter closed Friday at $1.4925 per pound, up a quarter-cent on the week, and 34 cents above a year ago. Nothing was sold all week. NASS butter averaged $1.4306, up 4 cents. NASS nonfat dry milk averaged $1.6434, up 8.5 cents. Dry whey averaged 75.81 cents, down 0.9 cent.

Provided courtesy of Dairyline.