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Strong finish to the week in dairy markets

Cash cheese and butter increased again on Friday on the Chicago Mercantile Exchange.  Dairy Market News says milk production has slowed across the country from a combination of hot weather and seasonal declines.  Cheese plants report spot loads are available but hard to find.  Some are using condensed skim to increase vat yields.

It was a very busy week at the CME; 21 loads of barrels sold and 19 loads of blocks.  Barrels increased 8.25 cents, blocks added 5.75 cents, and butter is up 9.75 cents while nonfat dry milk decreased 4 cents.  Class III futures for July up 11 cents on the week, August up 63 cents, September is 48 cents higher and January is unchanged.

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