Market News
Milk futures down, cash dairy mostly lower
Milk futures were lower, and cash dairy prices were mixed on the Chicago Mercantile Exchange Wednesday. July Class III milk was unchanged at $24.32 and August was down $.54 at $22.76, while September was down $.43 at $20.93 and October was down $.20 at $19.25. The milk futures from November through next June ranged from unchanged to twelve cents lower.
Dry whey was down $.0050 at $.34 cents per pound. One sale was recorded at that price.
Forty-pound blocks of cheese were down $.0375 at $2.6225 per pound. There were four sales recorded from $2.62 to $2.63. Barrels were down $.0150 at $2.45 per pound. Eight sales were recorded from $2.44 to $2.46.
Grade AA Butter was up $.0050 at $1.6675 per pound. No sales were recorded.
Nonfat dry milk was up $.0050 at $.9975 per pound. Two sales were recorded at $.9975 and $1.00.
