Dairy Markets Week in Review
Cheese trading turned heads the second week of April. Tuesday saw the block price top the barrel price by 16 cents. That’s not a record. There was a 22 1/2-cent spread in August 2000, according to brokers at Downes-O’Neill. Block closed Friday at $1.8350 per pound, up 2 1/4-cents on the week, and 41 cents above a year ago. Barrel closed at $1.75, down a half-cent on the week but 33 3/4-cents above a year ago. Twenty one cars of block traded hands on the week and 17 of barrel. The NASS U.S. average block price fell to $1.7934, down 4.2 cents. Barrel averaged $1.7854, down 2.4 cents.

Cash butter closed the week at $1.39, up 1 3/4-cents and 1 1/2-cents above a year ago. Only two cars traded hands all week. NASS butter averaged $1.3391, up 1.3 cents. NASS nonfat dry milk averaged $1.2490, up 0.7 cent. Dry whey averaged 25.54 cents, up a penny.

Provided courtesy of Dairyline.