Market News

CME milk futures lower, cash dairy mixed Wednesday

Milk futures were lower and cash dairy prices mixed again Wednesday on the Chicago Mercantile Exchange.

March Class III milk was down $0.02 at $17.68.  April was down $0.10 at $17.51.  May was down $0.09 at $17.75.  June was down $0.09 at $18.23.  July through January contracts ranged from unchanged in November and January to ten cents lower in July.

Dry whey was up $0.0025 at $0.44.  One sale was recorded at that price.

Cheese blocks were down $0.0475 at $1.7975.  One sale was recorded at that price.

Cheese barrels were up $0.03 at $1.6975.  Two sales were recorded at $1.6875 and $1.6975.

Butter was down $0.0150 at $2.33.  Three sales were recorded from $2.3250 to $2.33.

Nonfat dry milk was unchanged at $1.1650.  One sale was recorded at $1.12.