Cash cheese blocks increased another 1.25 cents on one unfilled bid on the Chicago Mercantile Exchange on Friday while barrels and butter held steady.
For the week, the cheddar cheese blocks added 7 cents while barrels were a nickel higher. The average butter price increased 7.3 cents from the previous week.
Dairy Market News reports milk production is increasing across most of the country and for the first time in a long time, there were no serious weather events to deal with this week. Class I demand is sluggish but Class II is picking up as warmer weather starts to show up and that means more ice cream and other frozen treats.
National Dairy Retail Report says the national weighted average advertised price for a pound of butter is $2.91, up 34 cents from two weeks ago and 12 cents higher than a year ago. The highest advertised price was $3.99 in the Northeast while the lowest was $1.99 in the Northeast and South Central regions.
The weighted average advertised price of a half-gallon of organic milk is $3.52 this week, down 28 cents from two weeks ago. There were no ads for conventional half-gallons of milk so no organic-to-conventional price comparison since they started almost two years ago. A gallon of organic milk averaged $5.85 up 55 cents from two weeks ago.