meta Milk futures on the CME and cash dairy prices are largely down to start the week. | The Bullvine

Milk futures on the CME and cash dairy prices are largely down to start the week.

Tuesday, February 7th, 2023

On the Chicago Mercantile Exchange, milk futures and cash dairy prices were mainly down on Monday.

February Class III milk was $17.84, a $0.08 decrease. The month of March was down $0.27 to $17.46. The month of April was down $0.14 to $17.90. May’s price went down $0.13 to $18.28. Contracts from June to December vary from constant in December to thirteen cents lower in July.

The price of dry whey remained steady at $0.4150. There were no sales registered.

Cheese blocks fell $0.0150 to $1.85. Three sales ranged from $1.8125 to $1.85.

Cheese barrels fell $0.03 to $1.60. Seven sales ranged from $1.59 to $1.60.

Butter was trading at $2.38, up $0.0050. Seven sales ranged from $2.38 to $2.4075.

At $1.25, nonfat dry milk was up $0.0050. There were four transactions ranging from $1.2475 to $1.25.

(T1, D1)

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