Market News

CME milk futures and cash dairy prices fall Tuesday

Most milk futures and cash dairy prices were down significantly on the Chicago Mercantile Exchange Tuesday.  Butter was the only product showing a gain.

December Class III milk was down $.08 at $19.43.  January was down $.24 at $18.40. February was down $.22 at $17.63.  March was down $.22 at 17.19. The milk futures from April through next November ranged from zero to twenty cents lower.

Dry whey was unchanged at $.3625 cents per pound.  Five bids were offered, but no sales were recorded.

Forty-pound blocks were down $.0225 at $1.9475 per pound.  No sales were recorded.

Barrels were down $.1325 at $1.9475 per pound.  Two sales were recorded at $1.9775 and $2.00.  

Grade AA Butter was up $.0100 at $1.94 per pound.  One sale was recorded at that price.

Nonfat dry milk was down $.0050 at $1.2625 per pound.  There were five offers and two bids, but no sales recorded.