Mixed week for dairy markets

Dairy Market News notes last week’s increase in the average weekly price for cash cheese barrels and blocks was the largest weekly increase since September 24th. Some wondered if the pace was too fast and that the market had topped-out…barrels declined on Tuesday on news cheese makers had all the milk they wanted last week and even got some below Class price. But that has changed, the cash price moved higher on Wednesday and held steady on Thursday. Processors say extra milk is harder to find this week plus there is considerable discussion about drought ending New Zealand’s milk production year early. And while the overall average price increased less than one percent at the Global Dairy Trade auction on Tuesday, skim milk powder was the only product to decline, everything else was steady or higher.

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