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 $0.04 at $15.05.  July was down $0.24 at $15.56.  August was down $0.28 at $16.31.  September was down $0.28 at $17.29.  October through April contracts ranged from twenty-five cents lower in October to three cents higher in January.

Dry whey was down $0.0075 at $0.2725.  Fifteen sales were recorded from $0.2725 to $0.2775.

Cheese blocks were down $0.0150 at $1.39.  Twelve sales were recorded from $1.39 to $1.4075.

Cheese barrels were down $0.0225 at $1.5275.  No sales were recorded.

Butter was up $0.0325 at $2.3850.  One sale was recorded at that price. Nonfat dry milk was up $0.0025 at $1.1625.  Two sales were recorded at $1.16 and $1.1625.