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Milk Markets Mixed in Chicago Thursday


Class III milk markets began Thursday’s session on a higher note but eventually dropped 4 cents in July, 10-25 August through November, and 6 cents in December as a result of the pressure from lower global markets.

CME spot product markets had mixed results. Block cheese lost ¾ cents to $1.53 and ½ cents. Barrel cheese traded 8 loads and ½ cent higher to $1/31 and ½ cents per lb. Butter saw 2 trades but fell ¼ cents $2.25 per lb. Grade A nonfat dry milk closed unchanged at 76 and ¾ cents following 4 trades while dry whey added ½ cents on 1 uncovered bid and offer and settled at 42 cents per lb. 

The USDA reports bi-weekly whole and skim milk powder, cheddar cheese and butter are declining in both Western Europe and Oceania regions. Skim milk powder in Oceania is the only market that increased from the previous week, up 2.5 percent.


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