Dairy Markets Week in Review
The cash cheese market ended 2007 on a positive note and staged a last minute rally, with prices topping $2.00 a pound for the fourth time this year. Block closed Friday December 28, at $2.03, up 8 cents on the three-day holiday-shortened week, and 70 cents above a year ago. Barrel closed at $1.98, also up 8 cents on the week, and 69 cents above a year ago. Five cars of barrel was all that was traded on the week. The NASS-surveyed U.S. average block price dropped to $2.0840, down 5.6 cents. Barrel averaged $2.0951, down 2.4 cents.

Cash butter closed Friday at $1.25, down 7 1/4-cents on the week but 5 cents above a year ago. Fourteen cars were sold. NASS butter averaged $1.3206, down 0.4 cent. NASS nonfat dry milk averaged $1.8438, down 2 cents, and dry whey averaged 44.64 cents, down 1.2 cents.

Provided courtesy of Dairyline.