Market News

Dairy markets mixed

Cash cheese barrels decreased 3.75 cents while blocks increased a quarter-cent on the Chicago Mercantile Exchange on Friday. Butter gained a penny and nonfat dry milk increased 1.25 cents.  Class III futures for January increased 17 cents, February was up 19 cents, March added 21 cents but June declined 8 cents.

For the week: cash cheese barrels increased 4 cents, blocks are a penny higher, butter fell 28 cents and nonfat dry milk lost 8.25 cents. Class III futures for January gained 60 cents, February added 24 cents and the June contract lost 39 cents from a week ago.

 

Cooperatives Working Together (CWT) has accepted 7 requests for export assistance from Dairy Farmers of America (DFA) and Tillamook County Creamery Association to sell 1.056 million pounds of Cheddar, Colby-Jack and Gouda cheese to customers in Asia and the South Pacific. The product will be delivered December 2014 through June 2015.

Year-to-date, CWT has assisted member cooperatives in selling 102.545 million pounds of cheese, 53.383 million pounds of butter and 34.384 million pounds of whole milk powder to 45 countries on six continents.