Market News

CME milk futures, cash dairy end week lower

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

January Class III milk was down $0.14 at $15.12.  February was down $0.09 at $15.53.  March was down $0.16 at $16.16.  April was down $0.12 at $17.00.  May through November contracts ranged from two cents lower in October to ten cents lower in May. 

Dry whey was up $0.0050 at $0.4125.  It was the only commodity that gained value Friday, but no sales were recorded. 

Forty-pound cheese blocks were down $0.02 at $1.4350.  Two sales were recorded at that price. 

Cheese barrels were down $0.0050 at $1.41.  Fourteen sales were recorded, ranging from $1.4050 to $1.4150. 

Butter was down $0.0750 at $2.5750, falling eleven cents in two days.  Four sales were recorded, ranging from $2.5750 to $2.5925.