On Wednesday, the Chicago Mercantile Exchange saw a decline in the price of milk futures and cash dairy products. Class III milk for October remained at $21.61. November ended with a $0.04 decline to $21.73. At $21.70, December was down $0.06. To $21.32, January saw a $0.08 decrease. Contracts for February through August ranged from constant in May to 25 cents lower in July.
In spot trade dry whey was now $0.4875, down $0.01. Sales were not tallied. Cheese blocks up $0.06 to end the day at $2.06. Sales were not tallied. Cheese Barrels continued to cost $2.06. There were two transactions between $2.06 and $2.08. At $3.2075, butter was down $0.0325. The prices of two transactions were $3.20 and $3.2075. To $1.55, nonfat dry milk decreased by $0.0250. There were four transactions between $1.55 and $1.5525.
