meta Cheese rallies as milk futures are mixed in Chicago to start the week | The Bullvine

Cheese rallies as milk futures are mixed in Chicago to start the week

Tuesday, June 2nd, 2020

On the Chicago Mercantile Exchange, June Class III milk futures were up 47 cents at $18.97.  July 24 higher at $17.92.  August through October nine lower to 16 higher. Class IV put together a modest gain as well. 

The cheese rally on the CME spot dairy auction raged on once again Monday.  Block cheddar up $0.17 at $2.40.  Barrels up $0.0775 at $2.10.  Butter up $0.0050 at $1.6650.  Nonfat dry milk down $0.0050 at $1.0250. Dry whey down $0.0025 at $0.3025.  Seven trades were made, with a range of $0.30 to $0.3025.

 

(T3, D1)

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