← Return to Headlines Page

Products decline; Class III futures mixed

Products decline; Class III futures mixed

Cash cheese and butter prices begin the new week on a down note, according to DairyBusiness Update associate Editor Lee Mielke. The block price closed this morning  at $1.82/lb., down 2¢. Cheddar barrels lost 2.25¢, slipping to $1.79/lb. One uncovered offer of each took the prices lower.
One offer took the butter price down 1¢, to $1.52/lb.
Grade A nonfat dry milk price was unchanged this morning, holding at $1.83/lb., and Extra Grade remained at $1.78/lb., with nothing happening in either market.
Today’s market closing prices:
Butter: down 1¢, to $1.52/lb.
Cheddar blocks: down 2¢, to $1.82/lb.
Cheddar barrels: down 2.25¢, to $1.79/lb.
Grade A nonfat dry milk: unchanged, at $1.83/lb.
Extra Grade nonfat dry milk: unchanged, at $1.78/lb.
Class III milk: -39¢ to +5¢ through September 2014. Based on current CME closing prices, the September-December 2013 average is $17.61/cwt.; with an overall 2013 average of $17.68/cwt.; and a 2014 average of $16.77/cwt.
background_banner