Market News

CME milk futures lower, cash dairy mixed to end the week

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

November Class III milk was down $0.06 at $17.33.  December was down $0.08 at $17.27.  January was down $0.09 at $17.38.  February was down $0.12 at $17.72   March through September contracts ranged from one cent higher in August to sixteen cents lower in May.   

Dry whey was up $0.0150 at $0.3875.  Nineteen sales were recorded, ranging from $0.38 to $0.3875. 

Forty-pound cheese blocks were down $0.0350 at $1.6650.  Six sales were recorded, ranging from $1.6650 to $1.70. 

Cheese barrels were down $0.0325 at $1.64.  Two sales were recorded at $1.64 and $1.65. 

Butter was down $0.0125 at $3.1075.  Three sales were recorded, ranging from $3.0875 to $3.12. 

Nonfat dry milk was unchanged at $1.1850.  No sales were recorded.