Market News

CME cash dairy prices mixed

Cash dairy prices were mixed on the Chicago Mercantile Exchange on Wednesday, in limited trade.

Dry whey up $0.0150 at $0.85. One sale was made at that price.

Blocks down $0.0050 at $1.34. Sixteen sales were made from $1.3325 to $1.34.

Barrels unchanged at $1.4525.

Butter down $0.02 at $1.29.

Nonfat dry milk up $0.0075 at $2.2550.

The Global Dairy Trade index in New Zealand on Tuesday reported some slight gains overall, increasing 1.2% from the previous event. Skim milk powder led sales higher (+4.3%), followed by whole milk powder (+1.2%). Lactose declined nearly seven percent, followed by mozzarella (-3.9%).