On the Chicago Mercantile Exchange milk futures and cash dairy prices were all down Thursday. Class III milk futures saw weakness across the board. June fell 1 nickel to $24.29/cwt. July milk suffered a 52-cent loss to $23.74/cwt. Class IV milk futures also were down on the day.
Dairy products tumbled lower in the CME Spot Dairy Auction on Thursday. Dry whey was down $0.0175 at $0.4925. Four sales were recorded from $0.4925 to $0.51. Cheese Blocks were down sharply $0.1450 at $2.08. Five sales were recorded from $2.08 to $2.10. Cheese Barrels were down $0.0750 to $2.1350. Six trades were made at that price. Butter was down $0.01 to $2.96. Five trades were made from $2.93 to $2.96. Nonfat dry milk was down $.0275 to $1.79. One sale was made at $1.80.
