Dairy Markets Week in Review

The cheese price roller coaster took a dip the second week of October, with the blocks closing at Friday at $1.43 per pound, down 7 1/4-cents on the week, and 36 cents below a year ago when they lost 9 cents. The barrels, after gaining 2 3/4-cents on Monday, gave it back Friday, to also close at $1.43, unchanged on the week, but 47 cents below a year ago. Twenty four cars of block were sold on the week and two of barrel. The NASS U.S. average block price jumped 5.6 cents, to $1.3661. Barrel averaged $1.3893, up 4.7 cents.

Butter closed at $1.2425, up a half-cent on the week but 49 3/4-cents below a year ago. Six cars were sold. NASS butter averaged $1.2310, up 2.5 cents.

Cash Grade A nonfat dry milk tacked on another 3 1/2-cents this week, closing Friday at $1.3150. Extra Grade closed at $1.26, up 4 cents. NASS powder averaged $1.0162, up a half-cent. Dry whey averaged 31.74 cents, up 1.6 cents.

Dairy Export Incentive Program bid acceptances included 145,504 pounds of Mozzarella cheese, 165,345 pounds of butter

Provided courtesy of Dairyline.