Market News

Cash cheese hits $2

Both cash cheese markets returned to the $2.00 mark on Friday.  Blocks gained 2.25 cents and barrels increased 1.25 cents.  Class III futures increased as well.

For the week, cash cheese barrels up 4.75 cents, blocks up 3 cents, butter lost 19 cents and nonfat dry milk is 2.5 cents lower.  Class III futures for August up 2 cents, September increased 85 cents and October gained 92 cents.

More than 11 billion pounds of milk delivered into the Federal milk pools in June.  28 percent went to Class I utilization, 11 percent to Class II, 50 percent went Class III and 11 percent was Class IV.