On the Chicago Mercantile Exchange milk futures ended mixed at midweek following the direction of the cash market. Class III markets removed only a few cents in either direction with summer months being up three to five cents and fall months being down two to three. The average price for the second half of the year now stands at $16.64. Unchanged from Tuesday’s finish, Class four markets saw very little trade but in months that did, prices were lower. The average price in the second half of 2019 now stands at $17.20, down a penny from Tuesday.
Weekly European dairy prices are up on the week and the year.
Dry whey up $0.0075 at $0.3475. Six trades were made ranging from $0.3550 to $0.3475. Blocks down $0.01 at $1.6625. One trade was made at that price. Barrels unchanged at $1.63. Five trades were made ranging from $1.6275 to $1.63. Butter unchanged at $2.2675. Six trades were made ranging from $2.2650 to $2.27. Nonfat dry milk unchanged at $1.04.