Market News

CME milk futures & cash dairy prices mostly lower Friday

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

May Class III milk was down $0.03 at $16.25.  June was down $0.34 at $16.57.  July was down $0.17 at $17.46.  August was down $0.18 at $18.23.  September through April contracts ranged from two cents lower in April to thirteen cents lower in September.

Dry whey was up $0.0025 at $0.3025.  Seven sales were recorded from $0.3025 to $0.32.

Cheese blocks were down $0.0875 at $1.53.  Eleven sales were recorded from $1.53 to $1.55.

Cheese barrels were down $0.0125 at $1.49.  Seventeen sales were recorded from $1.49 to $1.5050.

Butter was down $0.0075 at $2.40.  One sale was recorded at that price.

Nonfat dry milk was unchanged at $1.17.  Two sales were recorded at that price.