Market News

CME & GDT dairy prices up Tuesday

Dairy prices were up Tuesday at the Chicago Mercantile Exchange and on the Global Trading Event.

 In Chicago, Class Three April milk was up $.06 at $14.48 a hundredweight.  May was up $.15 to $14.95. June was up $.21 to 15.37. July was up $.16 to $15.90.  The milk futures from August through next March closed between eight and seventeen cents higher.

Grade AA Butter was up $.0075 at $2.2925 per pound.  Seven carloads sold between $2.2850 and $2.2925.

Barrels were up $.02 to $1.48 per pound.  Thirteen carloads sold with prices from $1.46 to $1.48.

 40-pound blocks were up $.0250 at $1.63 per pound.   One carload sold at $1.6075.

Nonfat dry milk was up $.0375 at $.77 per pound.  Five carloads sold with prices ranging from $.76 to $.77.

Dry whey was up $.0025 to $.3075 cents per pound.  One carload sold at $.31 cents per pound.

The Global Dairy Trade event from Tuesday concluded with the price index up 2.7%, after four consecutive drops in the index since February.  More than half of the product sold Tuesday was whole milk powder.

The GDT event saw anhydrous milk fat up 5.3% for an average price of $6,120 a metric ton.

The butter index rose 2.9% for an average price of $5,654.

Cheddar cheese was up 4.6% for an average price of $3,855.

The lactose index up 14.8% to $687.

Rennet casein was up 3.1% to $5,792.

The skim milk powder index went up 3.6% to $1,913.

Whole milk powder gained 0.9%, with an average price of $3,311.

Buttermilk powder was not offered in Tuesday’s GDT trading event.