Dairy Markets Week in Review
Cash block cheese closed the last Friday of June Dairy Month at $1.1725 per pound, down a quarter-cent on the week, and 37 1/2-cents below a year ago. Barrel closed at $1.1650, unchanged on the week, but 34 1/4-cents below a year ago. Twelve cars of block traded hands and none of barrel. The NASS U.S. average block price hit $1.2002, down 0.1 cent. Barrel averaged $1.2027, down 0.6 cent.
Butter closed Friday at $1.15, down a quarter-cent on the week, and 53 1/2-cents below a year ago. Four cars sold. NASS butter averaged $1.1486, down slightly.
Price support purchases this week totaled 1.7 million pounds of nonfat dry milk. That put the cumulative total at 65.3 million, compared to 31.8 million a year ago.
Provided courtesy of Dairyline.