Milk and Butter Prices Rebound

( )

Dairy products were steady to higher Thursday in the CME spot dairy product auction. Block cheese gained 3.25 cents to $2.01/lb. Barrel cheese rose half a penny to $1.9750/lb. Whey remained unchanged at $0.4525/lb. Butter rebounded 5.75 cents to $2.6675/lb. Nonfat milk added a penny to $1.38/lb.

Class III milk futures rallied significantly. December class III milk rallied 84 cents to $19.90/cwt. January milk climbed 65 cents to $19.55/cwt. Class IV milk futures also found support with December increasing 53 cents to $20.90/cwt.

Grain futures were weaker Thursday. December corn gave up 8.25 cents to $6.7925/bu. November soybeans dropped 13.25 cents to $14.2675/bu. December crude oil fell $10.20 to $414.30/ton.

Tags

Milk Prices
 

Latest News

Education
Properly Prepared Beef Remains Safe; Meat Institute Calls For Guidance to Protect Workers at Beef Facilities
Properly Prepared Beef Remains Safe; Meat Institute Calls For Guidance to Protect Workers at Beef Facilities

The Meat Institute said properly prepared beef remains safe to eat and called for USDA and the CDC to provide worker safety guidance specific to beef processors to ensure workers are protected from infection.

North American Meat Institute
Business
A Message to the Ag Industry about H5N1
A Message to the Ag Industry about H5N1

The livestock industry needs a comprehensive, cohesive plan to address the virus. Producers, their employees and veterinarians need clear answers and support from U.S. agricultural leadership, moving forward.

Rhonda Brooks
Dairy Production
USDA Now Requiring Mandatory Testing and Reporting of HPAI in Dairy Cattle as New Data Suggests Virus Outbreak is More Widespread
USDA Now Requiring Mandatory Testing and Reporting of HPAI in Dairy Cattle as New Data Suggests Virus Outbreak is More Widespread

USDA is now ordering all dairy cattle must be tested prior to interstate travel as a way to help stop the spread of HPAI H5N1. This comes a day after FDA confirmed virus genetic material was found in retail milk samples.

Tyne Morgan
Education
Wisconsin Farmer Combines His Two Loves Together—Education and Dairy
Wisconsin Farmer Combines His Two Loves Together—Education and Dairy

Patrick Christian life calling was away from the family farm, or so he thought. Eventually, he married his two loves together—education and dairy—and has used that to help push his family’s dairy farm forward.

Karen Bohnert
Business
Mistrial Declared in Arizona Rancher’s Murder Trial
Mistrial Declared in Arizona Rancher’s Murder Trial

A lone juror stood between rancher George Kelly and innocent. “It is what it is, and it will be what it will be. Let me go home, okay?”

Greg Henderson
Education
USDA Shares Recent H5N1 Avian Flu Sequences
USDA Shares Recent H5N1 Avian Flu Sequences

APHIS announced it has shared 239 genetic sequences of the H5N1 avian flu virus which will help scientists look for new clues about the spread of the virus.

Lisa Schnirring - CIDRAP
View More