Milk glass
May 8, 2017

Second Half of 2017 Still Looking Strong

 |  By: Know Your Market

After an exciting 11-cent move higher in the Cheddar block market Friday a more normal product trade took place on Monday. Blocks finished a penny lower to $1.59 per pound with one trade. Cheddar barrels were left unchanged at $1.45 per pound and saw no trade, bids or offers.

Butter gained 2 cents and traded once to settle at $2.12 ¾ while Grade A non-fat dry milk added a half-cent to close at 85 cents on bid.

Class III milk markets saw little change in prices from last week. May finished 3-cents lower while June finished unchanged. Second half 2017 prices were down 1 to 7 cents and moved the second half average price to $16.70 per cwt which represents a price that we haven’t seen since April 4, 2017.

2018 markets experienced sporadic trade with January up 6 cents and April down 8 cents, August 10 cents higher and December up 2 cents. All other months finished unchanged. Class IV markets were higher in September and October, up 3 cents and 8 cents, respectively. At the close second-half Class IV prices were averaging $15.23 per cwt.