There Is Much To Be Thankful For, Despite Low Prices
As dairy market participants prepare for the Thanksgiving holiday with their families, one of the things that they will likely be grateful for is for a break in a market that's been less than exciting. Wednesday's trade defined that very notion. Block cheese was 1/2 cent higher after three loads moved from seller to buyer to finish at $1.34 1/2 while barrels were down a penny closing at $1.24 after just a pair of loads were traded. Butter dropped 2 1/4 cents after four loads moved from seller to buyer. It finishes at $2.28 a pound while grade A nonfat dry milk rose a penny on 11 loads to finish at 89 cents. Dried whey saw seven loads trade hands, prices moved 1/2 cent higher and now finish at 42 1/2 cents.
A mixed product trade did little to invigorate the Class III milk market where the average price of the first half of 2019 dropped 6 cents to $15.09 per cwt while the second half of next year's calendar dropped 3 cents to $16.26. Class IV followed a similar pattern with the first half dropping 6 cents as well to $15.27 per cwt while the second half of the year move a penny higher to close at $16.24.
As we all prepare to gather with our own families we are reminded once more that despite the markets there is much to be grateful for.