June 9, 2017

Butter Market Finishes Up

 |  By: Know Your Market

On Friday the baton was handed to the butter market. It rose a penny after 14 trade took place with the final price at $2.47 ½. Block cheese was unchanged and prices finished at $1.63. Barrels were the same, closing at $1.41 ½.

The Grade A nonfat dry milk market dropped a penny, with a final price at 90 ¾ cents per pound.

Looking at the week, the current average price for butter was $2.49, the block market was $1.64.80, barrel cheese averaged $1.42¾ and the grade A nonfat dry milk market came in just under 92 cents.

For the week, whey futures contracts finished unchanged to slightly lower, with prices still holding at the mid 40’s through the end of the year.

Looking at the Class III markets, prices were mostly flat with a few contract months trading higher and a few lower. IN the end the price from now through the end of December finished at $16.79, up a penny. As usual, Class IV markets traded very little and finished unchanged in the two months that did trade.

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