CME milk futures, cash dairy steady to lower Thursday in the US
United States
Market & Price Trends
Published Mar 22, 2024
Tridge summary
On Thursday, the Chicago Mercantile Exchange reported a steady to lower trend in milk futures and the cash dairy markets. April Class III milk fell by $0.43 to $15.74, May dropped by $0.23 to $16.25, June decreased by $0.30 to $16.99, and July was down by $0.27 to $17.77. Dry whey remained unchanged at $0.4050, while forty-pound cheese blocks, cheese barrels, butter, and nonfat dry milk all experienced a decrease in prices.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
Original content
Milk futures and the cash dairy markets were steady to lower again Thursday on the Chicago Mercantile Exchange. April Class III milk was down $0.43 at $15.74. May was down $0.23 at $16.25. June was down $0.30 at $16.99. July was down $0.27 at $17.77. August through February contracts ranged from unchanged in January and February to twenty-seven cents lower in September. Thursday’s Class III trade volume was higher with 2,232 contracts. Dry whey was unchanged at $0.4050. No sales were recorded. Forty-pound cheese blocks were down $0.0525 at $1.3975. There were sixteen offers but only seven sales were recorded, ranging from $1.3925 to $1.41. Cheese ...
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