Market News

Butter rebounds while cheese holds steady in Wednesday CME dairy trade

Cash dairy prices were mixed Wednesday at the Chicago Mercantile Exchange.    

Dry whey was unchanged at $0.74. No sales were reported. 

Forty-pound cheese blocks were also unchanged at $1.4750. Thirty-three sales were reported ranging from $1.4650 to $1.49. 

Cheese barrels were unchanged at $1.5325. No sales were reported. 

Butter was up $0.0150 to $1.4075. Nineteen sales were reported ranging from $1.39 to $1.41. 

Nonfat dry milk was down $0.02 to $1.88. Eight sales were reported ranging from $1.88 to $1.90.