On the Chicago Mercantile Exchange, milk futures were down, while cash dairy prices were stable to lower.
June Class III milk was $0.02 lower at $15.09. July’s price went down $0.13 to $15.80. August’s price went down $0.21 to $16.59. September was $0.08 lower at $17.57. Contracts for October through April varied from thirteen cents lower in January to two cents higher in March.
The price of dry whey remained steady at $0.28. Six purchases were reported between $0.28 and $0.29.
Cheese blocks fell $0.0175 to $1.4050. There were sixteen transactions ranging from $1.4050 to $1.4125.
Cheese barrels fell $0.02 to $1.55. There were two transactions at $1.5475 and $1.55.
Butter was trading at $2.3525, down $0.01. At that price, three sales were recorded.
The price of nonfat dry milk remained steady at $1.16. There were no sales registered.
