On the Chicago Mercantile Exchange, milk futures prices fell further Wednesday, while cash dairy prices remained mixed.
The price of July Class III milk remained constant at $14.35. August’s price went down $0.13 to $15.04. September was $0.19 lower at $16.19. October’s price went down $0.17 to $17.14. Contracts from November to May varied from constant in March and May to fifteen cents lower in November.
Dry whey fell $0.0125 to $0.2425. Ten sales ranged from $0.2425 to $0.25.
Cheese chunks increased by $0.02 to $1.33. There were eight transactions ranging from $1.3225 to $1.33.
Cheese barrels fell $0.0075 to $1.3825. Twelve sales ranged from $1.38 to $1.3875.
Butter went up $0.04 to $2.44 a pound. At that price, three sales were recorded.
Nonfat dry milk was unchanged at $1.1175. No sales were recorded.
