Market News

CME dairy markets mixed Wednesday

Milk futures were mostly up in the near term and cash dairy markets were mostly down on the Chicago Mercantile Exchange Wednesday, August 4th.

August Class III milk was up $.07 at $16.03.  September was up $.11 closing at $16.04.  October was up $.06 at $16.54.  November was unchanged at $17.27.  December through June contracts ranged from one cent higher to three cents lower.

Dry whey was down $.0050 at $.4750. There were three trades from $.4725 to $.4750.

Blocks were unchanged for a third straight day at $1.6350, and like Monday and Tuesday, no sales were recorded.  

Barrels went up $.0075 to $1.3150.  There were four sales from $1.3075 to $1.3150. 

Butter closed down $.0150 at $1.6050.  Two sales were made at $1.6050 and $1.62.

Nonfat dry milk was down $.0150 to $1.2525.  Two sales were made at $1.2525 and $1.27.