Market News

A good week for the dairy markets

A solid close to a good week in the dairy markets on Friday. Cash cheese barrels on the Chicago Mercantile Exchange increased a quarter-cent, blocks added 2 cents, butter was up 4.5 cents and nonfat dry milk gained a half-cent.  Class III futures were mixed.

For the week: cash cheese barrels up 6 cents, blocks have gained 5.25 cents, butter is 20 cents higher and nonfat dry milk is up 8.75 cents per pound. Class III futures February and March contracts each gained $1.02, April increased 91 cents and July added 89 cents.

 

More than 9.6 billion pounds of milk was delivered into Federal pooled orders in November down 8.3 percent from November of 2013. 36 percent of the milk was Class I; 14 percent went to Class II utilization; 35 percent was Class III and 15 percent was Class IV.