Dairy Markets Week in Review

Cash dairy product prices keep strengthening. The block cheese price hit $1.5025 per pound the second Friday in October, up 6 3/4-cents on the week and the highest it has been since last December, but 37 3/4-cents below that week a year ago. Barrel closed Friday at $1.43, up a penny on the week, but 40 1/2-cents below a year ago. Only two cars of each traded hands on the week. The lagging NASS surveyed U.S. average block price slipped 0.3 cent, to $1.3106. Barrel averaged $1.3428, up 3.8 cents.

Butter gained a penny and then gave some back Friday, closing at $1.2375, up a quarter-cent on the week, but 46 1/2-cents below a year ago. Eight cars were sold. NASS butter averaged $1.2065, down 0.1 cent.

Cash Grade A nonfat dry milk closed the week at $1.28 per pound, up a dime on the week. Extra Grade closed at $1.22, up 7 cents. NASS powder averaged $1.0102, up 3.2 cents, and dry whey averaged 30.18 cents, down 0.1 cent.

There were no price support purchases on the week and the new fiscal year began October 1. DEIP bid acceptances this week included 3.3 million pounds of anhydrous milkfat, 176,368 pounds of Cheddar cheese, and 90,389 pounds of Mozzarella cheese.

Provided courtesy of Dairyline.