Market News

CME milk futures lower, cash dairy mixed Wednesday

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

April Class III milk was up $0.07 at $15.54.  May was down $0.15 at $17.16.  June was down $0.21 at $17.44.  July was down $0.17 at $17.90.  

August through November contracts ranged from six cents lower in November to seventeen cents lower in August.   

Dry whey was up $0.0025 at $0.3825.  Five sales were recorded, ranging from$0.3750 to $0.3825. 

Forty-pound cheese blocks were unchanged at $1.61.  Nine trades were recorded, ranging from $1.58 to $1.61. 

Cheese barrels were unchanged at $1.61.  Four sales were recorded, ranging from $1.6050 to $1.62. 

Butter was down $0.0150 at $2.9250.  Two trades were recorded at $2.91 and $2.9250. 

Nonfat dry milk was down $0.0075 at $1.12.  One sale was recorded at that price.