The cash dairy markets had something unusual happen at the end of the week. Cheese blocks and barrels were selling for the same price.
Katie Burgess with Ever.ag tells Brownfield there’s a reason blocks came down, eliminating the spread between the prices. “We talked about it, and it seems like there’s a lot of block cheese out there, which is weighing on the market, and then on the flip side this week, the barrel market was down at $1.42 at one point, but we rallied a dime to get back to $1.52 at the week end.”
And as for why barrels rallied back to close the week, Burgess says it usually has a lot to do with export sales.