On Thursday, most cash dairy prices and milk futures prices went down on the Chicago Mercantile Exchange. The price of block cheese stayed at $2.235/lb. Barrel cheese went down 5.25 cents to $1.98 per pound. Dry Whey stayed at $0.44 per pound. Butter dropped 1.25 cents to $2.94 per pound. Nonfat milk settled at $1.44/lb.
Milk futures for Class III were a little bit lower for the day. December Class III milk dropped $0.20 to $21.72 per gallon. At $20.76, January was down $0.10. At $20.35, February was down $0.10. At $20.39, March was down $0.02. From April to October, contracts were anywhere between 8 cents lower in April and 3 cents higher in May.
(T1, D1)
