121.75, up 5 cents from a week earlier. Severe snow and ice storms hindered milk movements from farm to plants. Retailers in some regions faced near panic fluid demand and supply shortages due to weather. Manufacturing activity was varied across the country during the holidays. The cheese market is reported unsettled to weak.
Prices are actually below support levels.
Processing activity was slow during the holiday period. A new pricing system for non fat dry milk was initiated and the market has a mixed reaction to it. Grain and feed prices reflect mostly short run market conditions.