Butter is back.
July 7, 2017

Blocks, Barrels Average Higher

 |  By: Know Your Market

In Friday’s CME spot dairy session butter lead product with a 1 ¼ cent move higher on four trades a close $2.58 ½ cents. Cheddar blocks declined a ¼ cent to $1.55 ¼ cents on two trades. While barrel market added three quarters of cent on four trades and ended at $1.37 ½ cent.

Grade A nonfat dry milk moved a ½ cent higher on six trades to finish at 86 ¾ cents per pound. On the week butter traded 26 loads at an average price of $2.61 ¼ cent, down two cents from the previous week. Blocks traded seven loads and averaged 2.5 cents better than the previous week. Barrels traded 19 times this week at average price of $1.36 ½ cent, up a ½ cent over last week.


Grade A nonfat dry milk closed the week at an average price of 85 ½ cents on 22 loads traded. Class III milk markets softened 9 to 19 cents in 2017 on Friday. They closed the week with a second half average of $16.62 per cwt. 2018 prices were lower in the months that traded. Class IV markets did not see any action.
 

This block is broken or missing. You may be missing content or you might need to enable the original module.