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.