Dairy Markets Week in Review
This week was the sixth consecutive gain for cash cheese prices. Blocks climbed to $1.96 but inched back 2 cents on Friday to close at $1.94 per pound, up 1 1/2-cents on the week and 23 3/4-cents above that week a year ago when the blocks jumped 15 1/4-cents.
Barrel closed Friday at $1.93, up a nickel on the week and 29 1/2-cents above a year ago. Six cars of block traded hands on the week and none of barrel. The NASS U.S. average block price hit $1.8460, up 1.5 cents. Barrel averaged $1.7938, up 1.9 cents.
Butter closed at $1.44, up 2 3/4-cents on the week but 1 1/2-cents below a year ago. Only three cars traded hands. NASS butter averaged $1.3666, up 1.8 cents.
Cash Grade A and Extra Grade nonfat dry milk closed at $1.40 per pound, up a nickel on the week.
NASS-surveyed nonfat dry milk averaged $1.2623, up 1.5 cents. Dry whey averaged 26.15 cents, up 0.3 cent.
Provided courtesy of Dairyline.