Market News

CME milk, cash dairy down again Wednesday

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

May Class III milk was down $0.35 at $17.78.  June was down $0.31 at $17.91.  July was down $0.23 at $18.31. August was down $0.23 at $18.52.    

September through November contracts ranged from thirteen cents lower in October to Sixteen cents lower in September.     

Dry whey was down $0.01 at $0.37.  Two sales were recorded at $0.37 and $0.3750. 

Forty-pound cheese blocks were down $0.02 at $1.74.  No sales were recorded. 

Cheese barrels were unchanged for a third straight session at $1.77.  No sales were recorded. 

Butter was down $0.0025 at $2.9675.  No sales were recorded. 

Nonfat dry milk was down $0.0150 at $1.1025.  Three sales were recorded, ranging from $1.10 to $1.1025.