Market News

CME dairy markets bounce back some Wednesday

Milk futures were up and cash dairy prices were steady to up on the Chicago Mercantile Exchange Wednesday.

June Class III milk was unchanged at $24.31.  July closed up $0.28 at $23.55.  August closed up $0.26 at $24.12.  September was up $0.38 at $24.11.  October through May contracts ranged from five cents higher in February to thirty-two cents higher in November.

Dry whey was down $0.01 at $0.4975.  Four sales were recorded from $0.4975 to $0.51.

Cheese Blocks were unchanged at $2.10. No sales were made.

Cheese Barrels were unchanged at $2.17.  No sales were made.

Butter ended its downhill slide going up $0.0350 to $2.96.50.  Nine trades were recorded from $2.9150 to $2.9650

Nonfat dry milk was unchanged at $1.81. No sales were recorded.

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