Market News

CME dairy futures down, spot market mostly up

Milk futures were mostly down, and cash dairy prices were mostly up at the Chicago Mercantile Exchange Thursday.  

May Class III milk was down $.04 at $12.19.  June was down $.03 at $17.90. July was up $.05 at $17.20.  August was down $.01 at 16.28.  The milk futures from September through next April ranged from four cents lower to one cent higher.  

Dry whey was down $.01 at $.31 cents per pound.  Ten sales were recorded from $.31 to $.32 per pound.

Forty-pound blocks were up $.0825 at $2.13 per pound. There were two bids and no sales recorded.

Barrels were up $.0050 at $1.93 per pound.  Eight sales were recorded from $1.9225 to $1.93.

Grade AA Butter was up $.0125 at $1.59 per pound.  No sales were recorded.

Nonfat dry milk was up $.0050 at $1.03 per pound.  Six sales were recorded from $1.03 to $1.0350.