Volatility continues to dominate the markets. Friday wrapped up a week of big swings for most commodities. Cheese is no different. Blocks had another nice volume day and finished the week trading 35 loads. During Friday’s trade saw them break 6 ¼ cents lower to end the week at 1.72 ½ with Barrels sliding 5 cents to 1.73/lb. Butter however continued its nice climb, gaining a penny to $1.87 ½.
Grade A Non Fat Dry Milk fell a penny to $1.30/lb and Dry Whey gained half a cent to $0.64/lb.
Class III Milk had May falling 15 cents to 18.88, June fell 26 to 19.36, and July fell 24 cents to 19.64/cwt.
Class IV milk was unchanged across the board with May at 16.21, June at 17.00 and July at 17.45/cwt.
Feed prices continued their move lower on nice weather and good planting progress. Corn fell 31 cents Friday to 6.43 ¾, falling 90 cents from its contract highs earlier this week. Soybeans gained 2 ¼ cents to 15.86 ¼ with soybean meal falling 2.90 to 418.50/ton.
