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CME dairy markets substantially down again Monday

Cash dairy prices were mixed and milk futures were sharply down again at the Chicago Mercantile Exchange Monday.

 Class Three June milk was down $.04 to $15.33. July was down $.24 at $15.19.  August was down $.36 to $15.56. September was down $.36 to $16.03. The milk futures from October through next May ranged from nineteen to twenty-six cents lower.

Grade AA Butter was down $.03 at $2.3225 per pound.  No sales were recorded.

Barrels were down $.0550 at $1.3950 per pound.  Eight carloads sold from $1.3975 to $1.42.

 Forty-pound blocks were unchanged at $1.5950 per pound.  No sales were recorded.

Nonfat dry milk was down $$.0275 at $.76 per pound. One carload sold at $.7650.

Dry whey was down $.01 at $.40 cents per pound.  No sales were recorded.

Overall, the dairy markets have been tough on producers, as prices have dropped substantially.  Just in the past week, June Class three futures are down ten cents, but July has lost $.71, August down $.96, and September down $.78.  Butter also fell $.0675 in the past week. Barrel cheese lost $.17 and blocks lost $.04 in that time. Nonfat dry milk is down $.0325 and whey is down $.0175 in the past week.

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