Dairy Markets Week in Review
Yoyos are fun to play with but they raise havoc in dairy markets. The cash market in the last week of September gave back the previous week’s gains and then some with the exception of nonfat dry milk, which shot up Friday. Block cheese closed Friday at $1.26, down seven cents on the week, and 33 1/2-cents below a year ago. Barrel closed at $1.30, down four cents on the week, and 13 3/4-cents below a year ago. 11 cars of block traded hands on the week and two of barrel. The NASS U.S. average block price at $1.2834, lost 0.6 cent. Barrel averaged $1.3488, down 1.8 cents.
Milk supplies may be tight but mild weather is helping the girls put more of it in the tank, milk yields are increasing, and sufficient dairy product inventories are keeping concern to a minimum as to any shortages in the holiday buying season.
Butter closed at $1.3050, down 1 1/2-cents on the week, and 34 1/4-cents below a year ago. Two cars were sold. NASS butter averaged $1.2851, down a penny. Grade A nonfat dry milk shot up 12 cents yesterday, settling at $1.02. Extra Grade went up 11 cents to $1.01.
Provided courtesy of Dairyline.