Dairy Markets Week in Review
The CME cash cheese market was bid higher the week before Thanksgiving. Block closed Friday morning at $1.77 per pound, up 5 1/4-cents on the week but still 43 cents below a year ago when it hit $2.20. Barrel closed at $1.74, up 4 1/2-cents on the week, but 34 cents below a year ago. Nothing traded all week. The U.S. average block price surveyed by NASS fell 8.7 cents, to $1.6840. Barrel averaged $1.6911, down 7.7 cents.
Cash butter awoke from a virtual eight-session nap this week and closed Friday at $1.59, down 4 1/2-cents on the week, but still 21 3/4-cents above a year ago. Only three cars were sold on the week. The NASS butter average hit $1.6358, down 3.2 cents. NASS nonfat dry milk averaged 86.66 cents, up 0.9 cent, and dry whey averaged 19.31 cents, up 0.7 cent.

Cash Grade A and Extra Grade nonfat dry milk closed the week at 90.25 cents per pound, unchanged on the week. Price support purchases of powder for the week totaled 9.6 million pounds, raising the cumulative total to 67.2 million, compared to none a year ago. Still no word of any DEIP shipments in the works.

Provided courtesy of Dairyline.