Market News

CME milk & cash dairy prices mixed Friday

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

March Class III milk was down $0.02 at $16.57.  April was up $0.17 at $16.08.  May was up $0.10 at $16.48.  June was up $0.08 at $17.20.  

July through January contracts ranged from ten cents lower in January to eight cents higher in July.  Friday’s Class III trade volume was 1,481 contracts. 

Dry whey was unchanged at $0.41.  No sales were recorded.  

Forty-pound cheese blocks were down $0.0325 at $1.46.  Two sales were recorded at that price. 

Cheese barrels were down $0.0575 at $1.4875.  Two sales were recorded at $1.4875 and one at $1.4975. 

Butter was up $0.0350 at $2.8025.  Four sales were recorded, rancing from $2.78 to $2.8025. 

Nonfat dry milk was up $0.0225 at $1.17.   There were ten bids but no sales were recorded.