Market News

CME milk and dairy prices keep sliding down Friday

Milk futures and cash dairy prices continued to slide on the Chicago Mercantile Exchange Friday.

September Class III milk was down $0.53 at $19.73.  October closed down $0.30 at $20.00.  November was down $0.39 at $20.60.  December was down $0.25 to $20.60.  January through July contracts ranged from down eight cents in June to thirty-five cents lower in March. 

For a third straight day, dry whey remains unchanged at $0.45 with no sales activity.

Cheese blocks were down $0.0575  at $1.82. No sales were recorded. 

Cheese Barrels were down $0.0525 at $1.8950. There were three sales from $1.8950 to $1.9225.

Butter went down $0.0150 closing at $2.94.  Ten sales were recorded from $2.9275 to $2.9425.

Nonfat dry milk finished the week unchanged at $1.52.  No sales were recorded.