July 2, 2018

Cheese and Whey March To Higher Ground

 |  By: Know Your Market

While cheese and whey continued their march to higher ground, Class III markets would have nothing to do with it. Block cheese rose 2 and 3/4 cents on bids alone to move to $1.58

and ¼ cents, whereas barrels rose another 4 cents on 8 loads, moving from seller to buyer to land at $1.53, narrowing the gap to 15 and ¼ cents between it and blocks.


Whey prices rose 1/4 cent to move back to 41 cents while butter prices fell a penny and ½ cents on 14 loads to move to $2.25 and ¼ cents. Grade A nonfat dry milk dropped 3/4 cents to finish at 74 cents with just three loads trading. In spite of higher cheese and whey prices, Class III markets dropped 4 cents in their average from now through the end of December to finish at $15.55.


Class IV markets, on the heels of a softer butter and powder trade, finished down 7 cents in their average from now through the end of the year at a price $14.66 per cwt.


Elsewhere, grain prices continue to struggle on the heels of a bigger acreage report as we await the pending implementation of tariffs this Friday.


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