Class III | Class III Struggles to Hold on to Small Gains

A sleeper of a week in Dairy gave us gains in the Dairy products. All five CME spot traded products gained in their weekly averages.

Blocks were up 10 cents, Barrels gained 8 cents, Butter was up 2 cents, NonFat Dry milk gained a quarter of a cent, and Dry whey gained about 2 and ¼ cents. The Spot trade on Friday had Cheddar Blocks falling half a penny to $1.79/lb, Barrels gained a quarter of a cent to $1.58/lb. Finishing the week with a block/barrel spread at 21 cents and a cheese average of 1.68 1/2/lb.

Butter gained a penny to $1.71 ½ /lb, NonFat dry milk gained ¾ of a cent to $1.17/lb, and Dry Whey was unchanged at $0.59 1/4/lb.

Class III struggled to hold small gains. March fell 1 to $16.36, April fell 38 cents to $17.71/cwt and May cell 17 to $18.31. Balance of 2021 was mostly 1-5 cents higher.

Class IV was basically unchanged on Friday. March at $14.36, April $15.07, and May at $15.45/cwt.

Feed and Grain gave us a look at some buying opportunities but gained it back to finish relatively unchanged. Corn was up ½ a cent at 5.39/bu, Soybeans moved a quarter of a cent lower at $14.13 ½ after trading as low at 13.92/bu. Soybean meal fell $4.10 to $400.70/ton. The first look we have had at $400 SBM since December.

Look also

King Island Dairy’s closure has island’s young locals facing uncertain future

Local cheese maker Rowan Cooke was devastated when he heard King Island Dairy would be shutting down.

You may be interested in

Fonterra Surpasses Previous Record in Fixed Milk Price Allocations

King Island Dairy’s closure has island’s young locals facing uncertain future

Kerry Co-op announces nominee directors for Kerry Dairy Ireland

Topics |
Class III

Legal notice about Intellectual Property in digital contents. All information contained in these pages that is NOT owned by eDairy News and is NOT considered “public domain” by legal regulations, are registered trademarks of their respective owners and recognized by our company as such. The publication on the eDairy News website is made for the purpose of gathering information, respecting the rules contained in the Berne Convention for the Protection of Literary and Artistic Works; in Law 11.723 and other applicable rules. Any claim arising from the information contained in the eDairy News website shall be subject to the jurisdiction of the Ordinary Courts of the First Judicial District of the Province of Córdoba, Argentina, with seat in the City of Córdoba, excluding any other jurisdiction, including the Federal.