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Dairy Markets Nudge a Little Higher

Prices were a little higher in the dairy markets on the Chicago Mercantile Exchange on Monday. Cash cheese barrels and nonfat dry milk each gained a half-cent and butter was a quarter-cent higher.  All 2015 Class III contracts were higher with February up 26 cents, March increased 22 cents and April up 21 cents.

Cooperatives Working Together (CWT) has accepted 4 requests for export assistance from Dairy Farmers of America, Northwest Dairy Association (Darigold), and Tillamook County Creamery Association to sell 405,651 pounds of Cheddar and Gouda cheese and 440,925 pounds of 82% butter to customers in Asia, the Middle East and Central America. The product will be delivered in February through July 2015.

Year-to-date, CWT has assisted member cooperatives in selling 4.215 million pounds of cheese and 13.922 million pounds of butter to fourteen countries on four continents.

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