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CME butter demand still strong, cash dairy prices mixed Wednesday
Cash dairy prices were mostly mixed Wednesday on the Chicago Mercantile Exchange.
Dry whey was down $0.0025 at $0.5950. Nine sales were recorded, ranging from $0.5950 to $0.60.
Forty-pound cheese blocks were up $0.0050 at $1.9425. Six sales were recorded, ranging from $1.93 to $1.9425.
Cheese barrels were up $0.04 at $1.93. Four sales were recorded, ranging from $1.91 to $1.93.
Butter was up $0.02 at $2.6350. Forty-eight sales were recorded, ranging from $2.6175 to $2.6375. It’s the fifth trading session in a row with double-digit butter sales and second with more than 40.
Nonfat dry milk was unchanged at $1.35. Seven sales were recorded, ranging from $1.35 to $1.3550.
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