Market News

CME milk futures lower, cash dairy mixed Friday

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

May Class III milk was down $0.18 at $18.00.  June was down $0.14 at $18.06.  July was down $0.13 at $18.38. August was down $0.19 at $18.58.    

September through November contracts ranged from fourteen cents lower in September to one cent higher in November.     

Dry whey was unchanged at $0.3825.  No sales were recorded. 

Forty-pound cheese blocks were up $0.01 at $1.75.  One sale was recorded at that price. 

Cheese barrels were up $0.0025 at $1.7725.  Two sales were recorded at that $1.77 and $1.7725. 

Butter was up $0.0025 at $2.97.  Thirteen sales were recorded, ranging from $2.9525 to $2.97. 

Nonfat dry milk was down $0.0050 at $1.11.  Two sales were recorded at $1.11 and $1.1150.