Market News

CME milk, cash dairy mostly lower again Wednesday

Milk futures and the cash dairy markets were mostly lower Wednesday on the Chicago Mercantile Exchange. 

March Class III milk was up $0.01 at $16.53, but all other months were down.  April was down $0.25 at $16.00.  May was down $0.35 at $16.51.  June was down $0.22 at $17.22.  

July through January contracts ranged from unchanged in January to seventeen cents lower in October and December.  Wednesday’s Class III trade volume was 2,970 contracts. 

Dry whey was down $0.0050 at $0.41.  No sales were recorded.  

Forty-pound cheese blocks were unchanged at $1.49.  No sales were recorded. 

Cheese barrels were unchanged at $1.6250.  No sales were recorded. 

Butter was up $0.0225 at $2.85.  One sale was recorded at that price. 

Nonfat dry milk was down $0.02 at $1.15.   One sale was recorded at that price.