Market News
CME milk futures up, cash dairy mostly down Wednesday
Milk futures made small gains and most cash dairy prices were down on the Chicago Mercantile Exchange Wednesday.
July Class Three milk was up $.03 at $14.21. August was up $.05 to $14.65. September was up $.06 to $15.11. October was up $.04 to $15.37. The milk futures from November through next June ranged from zero to four cents higher.
Grade AA Butter was down $.0250 to $2.20 per pound. Three carloads sold between $2.19 and $2.20.
Barrels were up $.0125 at $1.35 per pound. Twelve carloads of barrels sold from $1.3375 to $1.35.
Forty-pound blocks were unchanged at $1.5425 per pound. No sales were recorded.
Nonfat dry milk was down $.0150 to $.7575 per pound. Two carloads sold at $.7575 and $.76.
Dry whey was up $.0050 to $.41 cents per pound. Two carloads sold at that price.
Tags: butter, Cattle/Beef, cheese, Commodities, Dairy, Dry Whey, Livestock, milk, Nonfat dry milk, whey
What is a “car load”? Is this a meaningful amount upon which to base mailbox pricing for raw milk?