Saturday, October 15, 2011

A week of differing directions for dairy

Cash cheese ended the week at the same price on the Chicago Mercantile Exchange on Friday, barrels lost 4 cents, blocks gained a penny to both close at $1.69. The November Class III contract was down the limit 75-cents for a while but then rebounded half-way to close 36 cents lower.
For the week, cash cheese barrels lost 9.5 cents, blocks fell 7.5 cents while butter gained 6.5 cents per pound. Class III futures the October contract slipped 11 cents, November dropped 85 cents and December fell

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