The Class III Marathon Takes A Breather
Monday was a very quiet day of trade for the dairy markets.
The spot product trade watched butter trade six loads and a penny higher to $2.28 per lb. Dry whey moved four loads from seller to buyer Monday. Eleven uncovered bids were also left hanging, but whey was able to carve out a gain of 1 and a quarter cent to 34 cents per lb. Cheddar blocks lost 1 and a quarter cent to $1.67 and a quarter on a single trade. Both barrels and Grade A nonfat dry milk were unchanged.
Barrels settled at $1.63 following five trades while dry milk stay put at $1.04 per lb. Class III milk prices were mixed. May dropped 11 cents while June was down 2 cents and July down a penny. August through December ranged from 2 cents lower to 5 cents higher.
The second half Class III average at the close now stands at $16.76 per cwt. Class IV changes were mainly non-existent. The 4thquarter watched as 1-4 cents came out of it. The second half Class IV average now stands at $17.22 per cwt.