Market News

CME milk futures lower, cash dairy mostly higher Thursday

Milk futures were mostly lower and the cash dairy markets were higher except butter Thursday on the Chicago Mercantile Exchange.   

November Class III milk was down $0.03 at $17.12.  December was down $0.09 at $17.04.  January was down $0.07 at $17.15.  February was down $0.03 at $17.51.  March through September contracts ranged from eight cents lower in March to fifteen cents higher in July.   

Dry whey was up $0.0025 at $0.3950. Two sales were recorded at that price. 

Forty-pound cheese blocks were up $0.01 at $1.64.  Five sales were recorded, ranging from $1.64 to $1.6550. 

Cheese barrels were up $0.03 at $1.65.  Two sales were recorded at that price. 

Butter prices continued to plunge Thursday, down $0.0975 at $2.70 for a three-day drop of more than 30 cents.  Ten sales were recorded, ranging from $2.70 to $2.75. 

Nonfat dry milk was up $0.02 at $1.20.  One sale was recorded at that price.