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Barrels slip; Class III futures mixed

Barrels slip; Class III futures mixed

The cash dairy markets and the dairy industry, like so many others, are weighing what impact the government shutdown will have on them, according to DairyBusiness Update associate Editor Lee Mielke. The block cheese price held this morning at $1.7650/lb. Three carloads traded hands. The barrels slipped 0.75¢, to $1.7075/lb. Three cars were also sold, and 1 offer was left at the close.
Cash butter remains at $1.61/lb., where it’s been since Sept. 25. Five cars found new homes this morning. One offer went uncovered.
Grade A nonfat dry milk inched up 0.50¢, to $1.8350/lb., on an unfilled bid. Extra Grade remained at $1.78/lb. with no activity.
Today’s market closing prices:
Butter: unchanged, at $1.61/lb.
Cheddar blocks: unchanged, at $1.7650/lb.
Cheddar barrels: down 0.75¢, to $1.7075/lb.
Grade A nonfat dry milk: up 0.50¢, to $1.8350/lb.
Extra Grade nonfat dry milk: unchanged, at $1.78/lb.
Class III milk: -13¢ to +10¢ through December 2014. Based on current CME closing prices, the September-December 2013 average is $17.82/cwt.; with an overall 2013 average of $17.75/cwt.; and a 2014 average of $16.80/cwt.
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