Market News

CME milk futures mixed, cash dairy down Monday

Milk futures were mostly up in the near term, and cash dairy prices were mostly down on the Chicago Mercantile Exchange Monday.  

July Class III milk was unchanged at $24.41 with little trading activity.  August was up $.36 at $22.11. September was up $.34 at $20.49  October was up $.13 at $18.90  The milk futures from November through next June ranged from four cents higher in November to eleven cents lower in April.  

Dry whey was up $.0025 at $.3425 cents per pound.  One sale was recorded at that price.

Forty-pound blocks were down $.06 at $2.48 per pound. There were five sales at that price.

Barrels were unchanged at $2.45 per pound.  Two sales were recorded at that price.

Grade AA Butter was down $.0025 at $1.7275 per pound.  One sale was recorded at that price.

Nonfat dry milk was unchanged at $.99 per pound.  No sales were recorded.