Market News

CME milk futures lower, cash dairy mixed Wednesday

Milk futures were lower, and cash dairy prices were mixed Wednesday on the Chicago Mercantile Exchange.

June Class III milk was down $0.18 at $16.37.  July was down $0.12 at $16.82.  August was down $0.09 at $17.63.  September was down $0.05 at $18.48.  October through April contracts ranged from one cent lower in November to six cents higher in December.

Dry whey was up $0.0175 at $0.26.  There were nine sales recorded from $0.2725 to $0.2875.

Cheese blocks were down $0.0750 at $1.5775.  Two sales were recorded at $1.5775 and $1.63.

Cheese barrels remained unchanged at $1.5150.  One sale was recorded at that price.

Butter was unchanged at $2.4375.  No sales were recorded.

Nonfat dry milk was up $0.0050 at $1.1575.  Four sales were recorded from $1.15 to $1.1575.