CME milk futures lower, cash dairy mixed Friday
Milk futures were lower and the cash dairy markets were mixed Friday on the Chicago Mercantile Exchange.
November Class III milk was down $0.04 at $17.08. December was down $0.15 at $16.89. January was down $0.11 at $17.04. February was down $0.02 at $17.49. March through September contracts ranged from unchanged in September to thirteen cents lower in June.
Dry whey was up $0.0025 at $0.3975. One sale was recorded at that price.
Forty-pound cheese blocks were down $0.04 at $1.60. Four sales were recorded, ranging from $1.60 to $1.62.
Cheese barrels were unchanged at $1.65. No sales were recorded.
Butter prices have now dropped more than forty cents in four trading sessions. Butter was down $0.10 at $2.60 . Three sales were recorded, ranging from $2.60 to $2.61.
Nonfat dry milk was unchanged at $1.20. One sale was recorded at that price.