Ever. Ag

Spot cheddar prices neared convergence as CME spot blocks settled at $1.7225 per pound, 2.5 cents higher, while barrels finished at $1.7250, a penny lower. Daily volume: four lots of blocks, two loads of barrels. Butter eased to $2.5825 per pound, shedding $0.0025, with no volume exchanged. Spot NDM was notably quiet following this morning’s GDT event, remaining at $1.4000 per pound. There was little movement at the latest GlobalDairyTrade auction.

After being on the decline, CME cheese prices ended the week on a rise. Blocks settled at $1.6925 per pound, up 3.5 cents, with four loads changing hands. At the same time, barrels ticked up to $1.6850 per pound, 1.25 cents higher, with one lot being exchanged. Butter climbed to $2.6300 per pound, adding three cents while NDM eased to $1.4000 per pound, giving up a half cent.

Spot NDM hit a new year-to-date high, gaining 1.5 cents to settle at $1.4050 per pound, with 17 loads exchanged. The CME dry whey market also jumped again, supported by tighter stocks and ongoing high protein demand. Spot prices added $0.0325 to reach $0.6550 per pound, a level last seen in March 2022. Four loads traded. Meanwhile, spot blocks shed $0.0325, moving lower to $1.6575 per pound, while barrels eased to $1.6725 per pound, down three quarters of a penny.