Market News

CME milk and dairy prices down, some components up

Milk futures and cash dairy prices were mostly down on the Chicago Mercantile Exchange Thursday.  April Class III milk and butter were the only gainers.

March Class Three milk was down $.07 at $15.24.  April was up $.03 to $15.20. May was down $.06 to $15.26. June was down $.12 to $15.58.  The milk futures from July through next February ranged from zero to ten cents lower.

Dry whey was down $.0150 at  $.3450 cents per pound. Fifteen sales were recorded from $.34 to $.35.

Forty-pound blocks were unchanged at $1.61 per pound.  No sales were recorded.

Barrels were unchanged at $1.41 per pound.  Ten sales were recorded at that price.

Grade AA Butter was up $.0050 to $2.2650 per pound.  Two sales were recorded at $2.2625 and $2.2650.

Nonfat dry milk was down $.0025 to $.9875 per pound.  Five sales were recorded from $.9850 to $.9875.

The USDA says the February Class III milk price averaged $13.89 a hundredweight, down seven cents from January.  Class II and IV (two and four) February prices increased $.39 and $.38 cents respectively to $16.13 a hundredweight for Class II and $15.86 for Class IV in that same period.

The February butterfat price was $2.5345 a pound, almost four cents higher than January.  Nonfat solids were $.8041 per pound, and milk protein sold at $1.1776 per pound, almost three cents higher than January.