Market News

CME milk futures, cash dairy markets end week higher

Milk futures were higher and the cash dairy prices were mostly higher Friday on the Chicago Mercantile Exchange. 

May was up $0.42 at $17.80.  June was up $0.44 at $18.07.  July was up $0.31 at $18.33. August was up $0.13 at $18.54.    

September through November contracts ranged from three cents higher in October and November to ten cents higher in September.     

Dry whey was up $0.0075 at $0.3925.  Ten sales were recorded, ranging from $0.39 to $0.3975 

Forty-pound cheese blocks were up $0.07 at $1.68.  One sale was recorded at that price. 

Cheese barrels were up $0.05 at $1.66.  Eleven sales were recorded, ranging from $1.61 to $1.66. 

Butter was unchanged at $2.92.  Two sales were made at $2.9150 and $2.9175. 

Nonfat dry milk was down $0.0025 at $1.12.  One sale was recorded at that price.