Dairy Markets Week in Review

The blocks closed Friday at $1.1450 per pound, up 5 1/2-cents on the week but 85 1/2-cents below a year ago when block was trading at $2.00. Barrel closed at $1.14, up a nickel on the week, but 83 cents below a year ago. Fifteen cars of block traded hands and three of barrel. The U.S. NASS average block price slipped to $1.1305, down 0.7 cent. Barrel averaged $1.1093, up 1.1 cent.

Cash butter closed Friday at $1.25, down two cents on the day, following gains in the previous six sessions. That’s 2 3/4-cents above the previous week, but 28 cents below a year ago. Twenty six cars were sold on the week. NASS butter averaged $1.1736, down 0.2 cent. NASS nonfat dry milk averaged 84.50 cents, up 0.6 cent, and dry whey averaged 29.26 cents, up 1.2 cents.

Price support purchases for the week included 2.2 million pounds of nonfat dry milk and Dairy Export Incentive program bid acceptances amounted to 1.85 million pounds of nonfat dry milk.

Provided courtesy of Dairyline