Today's Market Summary
The bleeding in the cash cheese market continued this morning, according to DairyBusiness Update associate editor Lee Mielke. The block cheese price lost another 3.75¢, dropping to $1.67/lb. The blocks have lost 10.75¢ so far this week. 1 car sold at $1.68 and 1 at $1.67. 1 offer at $1.68 was left on the board. The barrels lost 5¢ this morning, dipping to $1.65, down 11.5¢ on the week. 1 car sold at $1.66 and 2 at $1.65. A bid at $1.64 went unfilled and an offer at $1.67 got no takers.
Butter inched up 0.25¢, to $1.3625, on 2 sales at that price. 3 bids at $1.36 went unfilled, and an offer at $1.3650 was left on the board.
Grade A nonfat dry milk was steady at $1.80 while Extra Grade remained at $1.75. 1 unfilled bid of Extra Grade at $1.74 was the only activity.
Today’s market closing prices:
Butter: up 0.25¢, to $1.3625/lb.
Cheddar blocks: down 3.75¢, to $1.67/lb.
Cheddar barrels: down 5¢, to $1.65/lb.
Grade A nonfat dry milk: unchanged, at $1.80/lb.
Extra Grade nonfat dry milk: unchanged, at $1.75/lb.