Dairy Markets Week in Review
Cash cheese prices continue to weaken at the Chicago Mercantile Exchange and block closed on Halloween at a ghoulish $1. 6075 per pound, down 13 cents on the week, 40 1/4-cents below a year ago, and the lowest its been since May 2007. Barrel closed at $1.6850, unchanged on the week, but 22 3/4-cents below a year ago. Thirteen cars of block traded hands on the week and none of barrel. The NASS-surveyed U.S. average price for block dipped to $1.8557, down 2.2 cents. Barrel averaged $1.8752, up 1.4 cents.
Butter closed the week at $1.6850, down 6 1/2-cents, but still 37 cents above a year ago. Only two cars were sold all week. NASS butter averaged $1.7202, up 2 cents. NASS nonfat dry milk averaged 92.24 cents per pound, down 6.2 cents, and dry whey averaged 19.23 cents, up 0.1 cent.
Cash Grade A nonfat dry milk closed Friday at 97 cents per pound, down 3 1/2 cents on the week, and Extra Grade closed at 97 cents, down 3 on the week.
Provided courtesy of Dairyline.