March 26, 2018

Class III Jumps 15 Cents

 |  By: Know Your Market

It was a sleepy start to a short week with Friday's markets closed for Good Friday. Monday's trade acted as if it was already Easter. Dried whey was unchanged with no trades taking place, finishing again at 28 3/4 cents. Nonfat dry milk was also unchanged at 69 1/4 cents, five loads did trade hands. However, also unchanged was the cheddar blocks, which finished at $1.54 1/2 with a single load moving from seller to buyer. Barrels, however dropped a penny to finish at $1.50 with three loads being traded. Butter followed suit dropping a penny as well to finish at $2.18 a pound, two loads traded hands. Collectively all five products traded just 11 loads.

The quiet product trade, however, did not translate into a quiet Class III market where values in the second quarter rose 15 cents early in the session and held that through to the close. At the end of the trade the average price from now through the end of the year finished at $15.22, up 7 cents per cwt. The Class IV market saw activity as well and all in the third quarter, July, August and September traded up an average of 17 cents, which drug the average for the balance of the year up a nickel to $14.16 per cwt.