Market News

Nonfat dry milk jumps higher while butter slides in Wednesday CME dairy trade

Cash dairy prices were mostly down Wednesday at the Chicago Mercantile Exchange.    

Dry whey was down $0.0025 to $0.6925. One sale was reported at that price. 

Forty-pound cheese blocks were down $0.0025 to $1.5750. Two sales were reported at $1.58 and $1.5825. 

Cheese barrels were unchanged at $1.5650. No sales were reported. 

Butter was down $0.03 to $1.43. Six sales were reported ranging from $1.43 to $1.4625. 

Nonfat dry milk was up $0.03 to $1.81. Six sales were reported ranging from $1.79 to $1.81