In closing out the week, product markets were mainly unchanged to slightly.
The barrel cheese market was able to add another penny to its price Tuesday following a single bid in the market.
Numbers would suggest prices are at their lowest point, however sagging export sales and large cheese inventories will make the climb out slow.
The CME spot product market started off the week mixed as all 5 products offered traded.
Last year, USDA’s Animal and Plant Health Inspection Service reported that the weighted bulk tank SCC in the United States reached 181,000 cell/mL.
Event 229 of the Global Dairy Trade took place on Wednesday with the overall index gaining 6.7%.