On Wednesday, both futures and cash prices for milk and other dairy products went down on the Chicago Mercantile Exchange. Cheese came after Class III milk. October’s price stayed the same at $21.78, November’s price went down 38% to $20.47, and December’s price went down 25% to $19.10/cwt. Class IV milk was all over the place: October 2 was higher at $24.91, November dropped 11 to $23.67, and December dropped 27 to $21.25/cwt.
Milk is still having trouble getting going higher. At $0.43, dry whey was down $0.01. At that price, one sale was made. Blocks of cheese went down $0.0425 to $1.9975. At that price, one sale was made. Cheese Barrels were down $0.0250 at $1.98. There were two sales, for $1.98 and $2.0075. At $3.15, butter was down $0.0025. At that price, one sale was made. The price of nonfat dry milk has stayed the same at $1.42, but there were three sales at that price.
