Market News

CME milk futures, cash dairy lower Thursday

Milk futures lower and the cash dairy markets were steady to lower Thursday on the Chicago Mercantile Exchange.   

December Class III milk was down $0.01 at $16.20.  January was down $0.10 at $16.24.  February was down $0.17 at $16.34.  March was down $0.15 at $17.08.  April through November contracts ranged from unchanged between June and the end of 2024 to eight cents lower in April. 

Dry whey remained unchanged at $0.3950.  One sale was recorded at that price. 

Forty-pound cheese blocks were down $0.03 at $1.57.  Three sales were recorded, ranging from $1.57 to $1.60. 

Cheese barrels were down $0.0225 at $1.4950.  Four sales were recorded, ranging from $1.4950 to $1.52. 

Butter was unchanged at $2.46.  One sale was recorded at that price. 

Nonfat dry milk was down $0.0075 at $1.1650.  Three sales were recorded, ranging from $1.1650 to $1.1725.