Dairy Markets Week in Review
Cash cheese prices have fallen below the government support level but ended the first full week of 2009 on an up note. The block price saw 17 consecutive trading sessions of loss before the bleeding stopped and rebounded 3 1/4-cents Friday, to close at $1.0725 per pound, down 6 cents on the week and 77 3/4-cents below that week a year ago when they plunged 30 1/4 cents, to $1.85.

Barrel closed Friday at $1.07, also down 6 cents on the week and 91 cents below a year ago when the barrels rolled down 11 cents, to $1.98. Thirty eight cars of block traded hands on the week and 11 of barrel. The NASS U.S. average block price fell 17.4 cents, to $1.4784 and barrel averaged $1.4373, down 19.6 cents.

Provided courtesy of Dairyline.