Market News
CME milk futures down, cash dairy & international markets mixed
Milk futures were down again and cash dairy prices were mixed at the Chicago Mercantile Exchange Thursday.
August Class Three milk was down $.01 at $14.99. September was down $.13 to $15.89. October was down $.07 to $16.09. November was down $.13 at $16.02. The milk futures from December through next July ranged from zero to eleven cents lower.
Dry whey was unchanged at $.4450 cents per pound. No sales were recorded.
Barrels were unchanged at $1.6750 per pound. Ten carloads sold from $1.6725 to $1.6750.
Forty-pound blocks were down $.0050 at $1.6550 per pound. One carload sold at that price.
Grade AA Butter was down $.02 at $2.33 per pound. No sales were recorded.
Nonfat dry milk was up $.01 at $.83 per pound. Four carloads sold from $.8125 to $.83.
Dairy product prices on the international markets are up in Western Europe and mixed in Oceania. The USDA’s bi-weekly price report shows whole milk powder is up more than 3% in Oceania, but steady in Europe at $1.41 and $1.48 respectively. Skim milk powder is up in the EU to $.82 a pound, while Oceania is at $.92 after falling six-tenths of a percent.
Cheddar cheese prices in Oceania went up since two weeks ago 4.1% to $1.75 a pound. Sweet whey powder in the EU is up 1.3% to $.44 a pound.
All foreign prices except skim milk powder in Oceania are below last year’s prices.
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