Green returned to milk markets Friday as we finish the week on a strong note in a highly volatile market. Spot cheese had Cheddar blocks bouncing back 2 ½ cents after the Thrusday breather to $1.53 per lb with Barrels following with 2 ½ cents to $1.57 1/4. Gaining nearly 10 cents over the last week. Butter too bounced back after a small sell off on Thursday, finishing the week up 2 ¾ cents on Friday ato $2.92/lb. The Dry powders could not follow along, Dry whey down ¼ of a cent to $0.36/lb and Grade A Non Fat Dry milk down ¾ of a cent to $1.14 1/4.
Class III milk rebounded along with cheese. April gained a penny to $15.41, with May up 37 cents to $16.39, and June up 24 cents to $16.77/cwt.
Class IV milk was unchanged in April and May at $20.06 and $20.20 with June slipping 10 cents to $20.40/cwt.
Grain and Feed Markets also found some end of week turn around after a Thursday USDA supply and demand report that was relatively quiet. Corn gained 6 ¾ at $4.35 ½ with December up 6 to $4.72. Soybeans gained 14 ¾ cents back to $11.74/bu with Soybean meal leading the move, up $8.80/ton in May to $344.10/ton and December up $5.70 to $348/ton.
