Dairy Markets Week in Review The bleeding continued in the cash cheese market this week. The blocks closed Friday at $1.27 per pound, down 9 3/4-cents on the week, 51 1/2-cents below a year ago, and 4 cents below the temporary support price. Barrels closed at $1.2475, down 9 1/4-cents on the week, 52 3/4-cents below a year ago, and … Read More
Dairyline Markets In Review
Dairy Markets Week in Review The cash dairy market is somewhat in limbo as it anticipates whether government will try to affect it some more. Cheese prices reversed six weeks of gains the last week of August. The blocks closed Friday at $1.3675 per pound, down 2 1/4-cents on the week, and 33 1/2-cents below a year ago. Barrel closed … Read More
Dairyline Markets In Review
Dairy Markets Week in Review Traders viewed the milk production report as bearish although cash cheese moved higher for the sixth week in a row. The block price climbed to $1.40 per pound on Wednesday, but gave back a penny the next day and closed Friday at $1.39, up 2 3/4-cents on the week, and the highest it’s been since … Read More
Dairyline Markets In Review
Dairy Markets Week in Review Cash cheese prices at the Chicago Mercantile Exchange moved higher the second week of August with the 40-pound blocks closing Friday at $1.3625 per pound, up 5 1/4-cents on the week and the highest they have been since mid December 2008, but still 39 3/4-cents below a year ago. The 500-pound barrels closed at $1.34, … Read More
NMPF Strategic Planning Task Force Probes Milk Pricing Proposals
The National Milk Producers Federation’s Strategic Planning Task Force met Monday in Chicago to further analyze several proposals intended to offer long-term solutions to the twin issues of low milk prices and extreme price volatility. The group concluded that more information is needed regarding the ramifications of dairy imports and exports on the efficacy of a mandatory supply management proposal … Read More
Dairyline Markets In Review
Dairy Markets Week in Review The cash cheese market added more strength the first week of August, the fourth consecutive week of gain. Block cheese closed Friday at $1.31 per pound, up 2 1/2-cents on the week and the highest it’s been since late February, but that’s still 45 3/4-cents below a year ago. The blocks are now trading at … Read More
Dairyline Markets In Review
Dairy Markets Week in Review Market reaction to USDA’s increased purchase prices was instant Friday morning with block cheese jumping 6 cents and barrels up 7 cents. The block price closed at $1.2850 per pound, up 8 1/2-cents on the week but 2 1/2-cents below the new temporary support price, and 55 cents below a year ago when the blocks … Read More
Dairyline Markets In Review
Dairy Markets Week in Review The blocks closed Friday at $1.1450 per pound, up 5 1/2-cents on the week but 85 1/2-cents below a year ago when block was trading at $2.00. Barrel closed at $1.14, up a nickel on the week, but 83 cents below a year ago. Fifteen cars of block traded hands and three of barrel. The … Read More
Dairyline Markets In Review
Dairy Markets Week in Review Cheese prices remain below the government support level. The block price dropped 2 cents Friday despite the CWT announcement of a second herd removal, and closed at $1.09 per pound, down 2 1/2-cents on the week, 84 1/4-cents below a year ago, and 4 cents below support. Barrel also closed at $1.09, down a penny … Read More
Dairyline Markets In Review
Dairy Markets Week in Review Cash dairy product prices saw little change in the final full week of June Dairy Month. Cheese prices inched a little higher but are still below their respective government support levels. The 40-pound blocks closed that Friday at $1.12 per pound, up a quarter-cent on the week, but 80 cents below that week a year … Read More