On the Chicago Mercantile Exchange, milk futures and cash dairy prices all closed lower on Wednesday.
Class III milk fell $0.28 to $17.75 in March. April’s price was $17.59, a $0.08 decrease. May was $0.14 lower at $17.90. June’s price was down $0.13 to $18.45. Contracts from July to January ranged from unchanged in January to sixteen cents lower in July.
Dry whey fell $0.01 to $0.4475. One transaction was recorded at $0.45.
Cheese blocks were $0.01 lower at $1.90. At that price, one sale was recorded.
Cheese barrels fell $0.0375 to $1.5525. There were two sales at $1.5525 and $1.59.
Butter was down $0.07 to $2.38 per pound. Two sales were made for $2.38 and $2.39.
Nonfat dry milk fell $0.0025 to $1.1775. At that price, one sale was recorded.
(T1, D1)
