Dairy Markets Week in Review
Cheese prices recouped some of the previous week’s losses the first week of March. Block closed Friday at $1.20 per pound, up 2 1/2-cents on the week, but 66 1/2-cents below that week a year ago when the blocks tumbled 20 1/2 cents. Barrel closed at $1.22, up 4 cents on the week, but 64 3/4-cents below a year ago. Forty three cars of block traded hands and 12 of barrel. The NASS U.S. average block price hit $1.2301, up 6 cents. Barrel averaged $1.2403, up 4.4 cents.
Butter inched a little higher, closing Friday at $1.1675, up 1 3/4-cents on the week, but still 15 1/2-cents below a year ago. Eighteen cars were sold on the week. NASS butter averaged $1.0931, up a penny. Nonfat dry milk averaged 81.92 cents, up a half cent, and dry whey averaged 15.68 cents, down 0.2 cent.
Price support purchases this week included 84,657 pounds of butter and 4.5 million pounds of nonfat dry milk.
Provided courtesy of Dairyline.