On Tuesday, the Chicago Mercantile Exchange saw milk futures go down and cash dairy prices stay the same or go down.
January Class III milk was $0.47 less, coming in at $19.07. At $18.24, February was down $0.35. At $18.32, March was down $0.07. At $18.50, April was down $0.12. From May to November, contracts were lower by anywhere from 2 cents in September to 9 cents in May, June, and July.
At $0.4150, dry whey stayed the same. There were no sales.
Tuesday, cheese prices went down a lot. At $1.9975, blocks were down $0.1375. At that price, one sale was made.
Cheese barrels were down $0.1125 at $1.7450. At $1.7375 and $1.7450, two sales were made.
The price of butter stayed at $2.38. There were no sales.
The price of dry nonfat milk went down $0.0125 to $1.3225. At that price, one sale was made.
