Market News

CME dairy prices dropped drastically Monday

Dairy prices were down and milk futures were sharply down at the Chicago Mercantile Exchange Monday.

 Class Three June milk was down $.04 at  $15.21. July was down $.56 at $14.10. August was down $.50 to $14.86.  September was down $.39 to $15.54. The milk futures from October through next May ranged from three to twenty-seven cents lower.

Grade AA Butter was down $.0350 to $2.2550 per pound.  No sales were recorded.

Barrels were down $.08 at $1.2050 per pound.  Twenty-three carloads sold from $1.2850 to $1.3125.  

 Forty-pound blocks were down $.04 to $1.45 per pound.  Two carloads sold at that price.

Nonfat dry milk was down $.0250 at $.7375 per pound. Six carloads sold from $.7375 to $.7475.

Dry whey was up $.0025 to $.40 cents per pound.  No sales were recorded.