At the Chicago Mercantile Exchange Wednesday, milk futures were down and cash dairy prices were mostly steady to up. August lost 2 cents and closed at $15. September through December was down 7 to 15 cents per cwt. January through July 2019 prices fell 1 to 7 cents per cwt. Class IV milk had weakness as well. As September through December 2018 prices were down 2 to 9 cents. No changes were seen in 2019 for Class IV.
CME spot product markets on Wednesday closed with little change outside of the butter market. Grade AA Butter was down $.0375 at $2.35 per pound. No sales were recorded. Dry whey was unchanged at $.4450 cents per pound. No sales were recorded. Barrels were up $.0050 at $1.6750 per pound. Six carloads sold from $1.67 to $1.6750. Forty-pound blocks were up $.0050 at $1.66 per pound. One carload sold at that price.
