Dairy Markets Week in Review

Cash dairy prices have the full attention of farmers, bankers, and processors as the “recovery” appears to be slowing, even though cash block cheese closed the second week of February at $1.5050 per pound, up 1 1/4-cents on the week and 26 1/2-cents above that week a year ago. Barrel closed Friday at $1.4450, down 2 3/4-cents on the week but 21 1/2-cents above a year ago. Four cars of block traded hands on the week and six of barrel. The NASS-surveyed U.S. average block price gained 2.5 cents, hitting $1.4750. Barrels averaged $1.5258, up 2.3 cents.

Butter closed at $1.34, up 1 1/4-cents on the week and 23 3/4-cents above a year ago. Eleven cars sold. NASS butter averaged $1.3912, down 1.3 cents.

Cash Grade A nonfat dry milk closed Friday at $1.1050, down 4 1/2-cents on the week. Extra Grade held all week at $1.24. NASS powder averaged $1.1448, up 1.2 cents. Dry whey averaged 39 cents per pound, up 0.1 cent.

Provided courtesy of Dairyline.