Spot blocks continued yesterday’s climb, jumping past barrels to close at $1.9650 per pound, up 6.5 cents. Barrels added four cents to reach $1.9500 per pound. Other dairy markets were relatively quiet. Spot dry whey eased to $0.5900 per pound, down $0.0075, with two loads exchanged, while NDM dipped to $1.2300 per pound, $0.0025 lower, with four lots changing hands. Butter was unchanged at $3.1025 per pound.
Class III contracts continued to rebound along with spot cheese. September futures leapt to $20.80 per hundredweight, shooting up 56 cents, while Q4 settled at $20.58, tacking on a quarter.
By EVER. AG
August 7, 2024
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