← Return to Headlines Page

Powder higher; Class III futures lower

Powder higher; Class III futures lower

Cash block cheese inched up another quarter-cent today in Chicago, hitting $1.6750/lb. on a trade, while an offer went uncovered. Barrel backed down 1.5¢, slipping to $1.67/lb., on five trades. Butter dropped another 1.75¢ and is now trading at $1.4950/lb.. Five cars found new homes on the day, with an offer going uncovered. Cash nonfat dry milk was bid higher. Grade A inched up 0.25¢, to $1.7450/lb., while Extra Grade closed at $1.7250/lb., up 1.5¢.
Today’s market closing prices:
Butter: down 1.75¢, to $1.4950/lb.
Cheddar blocks: up 0.25¢, to $1.6750/lb.
Cheddar barrels: down 1.50¢, to $1.67/lb.
Grade A nonfat dry milk: up 0.25 cent, to $1.7450/lb.
Extra Grade nonfat dry milk: up 1.50 cents, to $1.7250/lb.
Class III milk: -23¢ to -1¢ through March 2014. Based on current CME closing prices, the 2013 average is $17.85/cwt.; and the 2014 average is $17.16/cwt.
background_banner