Market News

CME milk futures & cash dairy closed higher Wednesday

Milk futures and the cash dairy markets were higher with lighter trading volume Wednesday on the Chicago Mercantile Exchange.   

January Class III milk was up $0.15 at $15.69.  February was up $0.16 at $15.89.  March was up $0.11 at $16.47.  April was up $0.03 at $17.25.  May through November contracts ranged from one cent higher in August to twelve cents higher in May. 

Dry whey was up $0.0050 at $0.3850.  One sale was recorded at that price. 

Forty-pound cheese blocks were up $0.0250 at $1.4150.  Seven sales were recorded, ranging from $1.3875 to $1.4175. 

Cheese barrels were up $0.0450 at $1.47.  Eight sales were recorded, ranging from $1.4350 to $1.47. 

Butter was up $0.08 at $2.6225.  No sales were recorded. 

Nonfat dry milk was up $0.0050 at $1.1650.  No sales were recorded.