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CME Milk Futures and Cash Dairy Hit a Slick Spot


On Wednesday, the Chicago Mercantile Exchange saw a general downward trend in the pricing of milk futures and cash dairy products.

The price of Class III milk in December fell by $0.08 to $20.39. At $19.62, January’s total was a decrease of $0.42. At $19.51, February’s total was $0.23 less than January’s. At $19.73, March’s total was a decrease of $0.18. Contracts for April through October varied from sixteen cents lower in May to fifteen cents higher in October, with a median value of sixteen cents lower.

The price of dry whey decreased by $0.0150, reaching $0.4425. There was not even one sale on the books.

The price of cheese blocks decreased by $0.0025, reaching $2.1075. There was not even one sale on the books.

Cheese barrels were flat at $1.92. There was not even one sale on the books.

The price of butter decreased by $0.0125, reaching $2.8875. There was not even one sale on the books.

The price of nonfat dry milk increased by $0.01, reaching $1.3825. There was not even one sale on the books.


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