Market News

CME dairy markets down Thursday

Milk futures and cash dairy prices were all down on the Chicago Mercantile Exchange Thursday.

June Class III milk was down $0.05 at $24.29.  July closed down $0.49 at $23.77.  August closed down $0.30 at $24.10.  September was down $0.38 at $23.94.  October through May contracts ranged from three cents lower in December to twenty-five cents lower in February.

Dry whey was down $0.0175 at $0.4925.  Four sales were recorded from $0.4925 to $0.51.

Cheese Blocks were down sharply $0.1450 at $2.08. Five sales were recorded from $2.08 to $2.10.

Cheese Barrels were down $0.0750 to $2.1350.  Six trades were made at that price.

Butter was down $0.01 to $2.96.  Five trades were made from $2.93 to $2.96.

Nonfat dry milk was down $.0275 to $1.79. One sale was made at $1.80.