Dairy Prices Fall Further in the Red

Friday ended a week of big swings with red on dairy and green for grains.
Friday ended a week of big swings with red on dairy and green for grains.
(Stock photo)

The roller coaster continues in our commodity markets. Friday ended a week of big swings with red on dairy and green for grains. THe CME spot trade gave back some of Thursday's gains but finished the week higher than we started. Cheddar Blocks fell 5 cents to $1.48/lb and Barrels fell ¾ of a cent to $1.39 1/4/lb. The block/Barrel average is at $1.44/lb. Butter continued its move, adding another 2 cents to $2.55/lb with Powders mixed. Grade A Non Fat Dry Milk fell a penny to $1.10 1/2/lb and Dry Whey gained half a cent to $0.24 3/4/lb.

Class III milk fell 2 cents in Jul to $13.82, August slid a quarter to $15.09/cwt with Sept down 35 cents to $15.92/cwt. 2024 however kept moving higher as feed prices rebounded for fall. Jan- Jume 2024 was 1-10 cents higher to trade between 17.79-18.15/cwt. 

Class IV milk was mostly higher. July unchanged at $18.17, August up 1 to $18.22 and Sept up 3 cents to $18.13/cwt.

Grain markets also had a whiplash trade all week and finished with worries about the Black Sea Grain deal that will expire on Monday. Corn was up 13 ¼ cents in December at $5.13 3/4, Soybeans gained a penny in November to $13.70 ¾ with Soybean meal up $1.10 For December contract at $401/ton.

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