Dairy Markets Finish Week With Limited Trade
In wrapping up the week on Friday, product markets had limited trade outside of the cheddar block market. Blocks traded 4 loads and 2 ¾ cents higher to $1.4525 per pound. Dry whey was the loan other product to trade and fell a half cent to 43 cents per pound. Grade A nonfat dry milk added a half cent following 13 uncovered bids and settled at 88.5 cents. Butter and cheddar barrels were unchanged at $2.275 and $1.36, respectively.
For the week, dry whey led product moved at 32 loads and blocks were far behind at 28. Compared to the week prior, block prices dropped 2 cents and dry whey 1.25 cents. Nonfat dry milk was unchanged while butter gained 2 cents and barrels were up 3.25 cents.
Class III milk prices were lower to finish off the week, declining 1-6 cents December 2018 through November 2019. Class IV was mixed. November and December 2018 added 5 cents while 2019 prices ranged from 4 cents lower to 8 cents higher. Grain prices had corn 2.5 cents lower, soybeans up 3.25 and the wheat complex even.