On the Chicago Mercantile Exchange, milk futures were neutral, while cash dairy markets were mainly higher, with the exception of butter.
October Class III milk was $0.03 lower at $16.85. November saw a $0.17 decrease to $17.33. December’s price went down $0.10 to $17.59. In January, the price went down $0.06 to $17.92. Contracts from February through August varied from unchanged in April, May, June, and August to five cents higher in July.
Dry whey was trading at $0.31, up $0.0075. Four transactions were made, with prices ranging from $0.31 to $0.3125.
For the second day in a row, forty-pound cheese blocks stayed steady at $1.7025, with no sales reported.
Cheese barrels increased $0.0325 to $1.61. There were two sales at $1.6025 and $1.6075.
Butter went down $0.02 to $3.48 a pound. There were two sales for $3.48 and $3.4850.
The price of nonfat dry milk remained steady at $1.1850. There were no sales registered.
