Dairy Markets Week in Review
Cheese price hemorrhaging continued early in the week of August 4 but a tourniquet was finally applied as the buyers stepped up to the plate. The blocks fell to $1.7050 on Thursday but rallied Friday, regaining 6 1/4-cents, and closed at $1.7675 per pound, down 6 3/4-cents on the week, and 17 1/4 below a year ago. The blocks lost 23 1/4-cents the previous week. Barrel closed Friday at $1.72, down 8 cents on the week, and 18 cents below a year ago. Thirty six cars of block traded hands on the week and 42 of barrel. The NASS U.S. average block price hit $1.9683, up 4.1 cents. Barrel averaged $1.9517 up 2.3 cents.

Butter did the opposite, jumping to $1.67 on Tuesday, but gave back 2 cents on Friday and closed at $1.65, up 7 1/2-cents on the week and 17 cents above a year ago. Thirty five cars were sold. NASS butter averaged $1.5138, down 0.5 cent. NASS nonfat dry milk averaged $1.3956, down 1.6 cents, and dry whey averaged 25.81 cents, down 0.5 cent.

Provided courtesy of Dairyline.