Dairy Markets Week in Review
Cash block cheese closed Friday at $1.3175 per pound, up 7 3/4-cents on the week, but 5 1/4-cents below that week a year ago. It climbed to a 2006 high of $1.37 on Thursday but gave back 5 1/4-cents on Friday. Barrel closed Friday at $1.3125, up 6 1/2-cents on the week, and just three quarters of a cent below a year ago. It also peaked at $1.37 on Thursday but relapsed on Friday. Three cars of block traded hands on the week and one of barrel. The NASS-surveyed U.S. average block price slipped 0.4 cent, hitting $1.2162. Barrel averaged $1.2328, up 0.2 cent.

Butter closed Friday at $1.2750, unchanged on the week, but 20 cents below a year ago when it plunged 10 1/4-cents. Ten cars were sold this week. NASS butter averaged $1.3031, down 1.1 cents. NASS nonfat dry milk hit 94.23 cents per pound, up 2.4 cents on the week, after gaining 2.5 cents the previous week.

Provided courtesy of Dairyline.