Cheese Price Inches Closer To 2014 Numbers
Once again, the highlights of the dairy session of Friday came from the barrel cheese market. Barrels rose 5 cents per lb. following nine trades and settled out at $2.25 per lb., now just 24 cents shy of the peak established back in September 2014.
Cheddar blocks lost a quarter cent after 2 loads traded hands closing at $2.12 and ¼ cents per lb. Butter added a quarter cent to $2.06 per lb. with four loads moving from seller to buyer. Grade A nonfat dry milk lost a penny and ended up at $1.15 and ¼ cents. Dry whey moved 14 more spot loads but fell a penny and settled out at 28 and ¼ cents.
For the week, dry whey took home the prize once again for most loads moved totaling 75. Cheddar barrels watched just 9 trades take place this week however the weekly barrel average price rose 13 cents per lb.
Class III milk added double digits once again in the November contract settling near $19.50 per cwt. December was up as well finishing north of $18.50. 2020 prices ranged from even to five higher. First half 2020 is offering producers $17.04 per cwt. Class IV markets closed slightly lower.
Grain markets watched corn finish even at $3.86 and ¾ cents, soybeans fell 13 cents to $9.20 and ¼ cents and the wheat complex ranged from 3 cents lower to 3 cents higher.