CME milk is mostly higher and cash dairy mostly lower on Monday in the US

Dairy

United States

Market & Price Trends

Published Mar 19, 2024

Tridge summary

Milk futures have remained mostly steady or seen a slight increase, with April Class III milk rising by $0.15 to $16.16 and May increasing by $0.07 to $16.49, while June's price remained stable at $17.23. Cheese barrels saw a notable increase, reaching $1.50 and surpassing block cheese prices. Despite this, the cash dairy markets, including dry whey, forty-pound cheese blocks, butter, and nonfat dry milk, 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 were mostly steady to higher and the cash dairy markets were lower except cheese barrels Monday on the Chicago Mercantile Exchange. April Class III milk was up $0.15 at $16.16. May was up $0.07 at $16.49. June was unchanged at $17.23. July was up $0.02 at $17.91. August through February contracts ranged from two cents lower in December to nine cents higher in August. Monday’s Class III trade volume was lower, with 1,578 contracts. Dry whey was down $0.0150 at $0.43. Two sales were recorded at $0.43 and $40.4350. Forty-pound cheese blocks were down $0.02 at $1.45. Three sales were recorded, ranging from $1.45 to $1.48. Cheese barrels were up $0.0575 at $1.50, once again surpassing ...

Source: Brownfield Ag