CME milk futures fall, cash dairy mixed Thursday
Milk futures were lower and cash dairy prices were mixed Thursday on the Chicago Mercantile Exchange.
July Class III milk was down $0.49 at $15.29. August was down $0.45 at $16.18. September was down $0.37 at $17.28. October was down $0.18 at $18.02. November through May contracts ranged from nine cents lower in December to five cents higher in May.
Dry whey was down $0.0025 at $0.2650. Twelve sales were recorded from $0.2650 to $0.2675.
Cheese blocks were up $0.01 at $1.41. Four sales were recorded from $1.4050 to $1.4125.
Cheese barrels were down $0.0025 at $1.5075. One sale was recorded at that price.
Butter was up $0.0325 at $2.38. One sale was recorded at that price.
Nonfat dry milk was down $0.0075 at $1.1425. Three sales were recorded from $1.1450 to $1.15.