December 25, 2017

Buyers Gave Block Cheese As Presents This Year

 |  By: Know Your Market

While Santa was busy stuffing stockings, buyers of block cheese were busy stuffing bids into Friday's trade. Blocks rose a nickel to $1.49 1/4 after five loads traded hands. This brings blocks 8 1/4 cents above the barrel market, which finished at $1.41 after rising 3/4 of a cent. Butter remained unchanged at $2.18 and grade A nonfat dry milk rose a 1/2 cent to 66 1/2, it's second consecutive higher day after two weeks of consistent bleeding.

Here are the weekly average prices for the four products:

  • Blocks: $1.46 1/4
  • Barrels: $1.45 1/2
  • Butter: $2.19 1/3
  • Grade A nonfat dry milk: 65 1/2 cents

Class III markets yawned at all of Friday's activity. Prices at the start of the day were down approximately a nickel and they finished that way. The average for the first half of 2018 now stands at $14.05 per cwt. Class IV was vacant of trades and finishes with it's average at $13.60. 

From all of us at Commodity Risk Management Group we wish you and your family a very Merry Christmas.