News

USA: CME milk futures, cash dairy mixed this Wednesday

Whey
Published Feb 22, 2024

Tridge summary

The Chicago Mercantile Exchange saw mixed results in milk futures and cash dairy markets on Wednesday. March Class III milk decreased by $0.01 to $16.98, while April saw an increase of $0.05 to $17.20. Dry whey, cheese barrels, and butter prices remained stable. However, forty-pound cheese blocks experienced a slight decrease of $0.0075, settling at $1.5150. Nonfat dry milk saw a minor increase of $0.0025, ending at $1.1950.
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 mixed Wednesday on the Chicago Mercantile Exchange. March Class III milk was down $0.01 at $16.98. April was up $0.05 at $17.20. May was down $0.04 at $17.54. June was up $0.01 at $18.08. July through January contracts ranged from unchanged in January to fourteen cents higher in August. Wednesday’s Class III trade volume was just over fourteen hundred contracts. Dry whey was unchanged at $0.51. No sales were recorded. Forty-pound cheese blocks were down $0.0075 at $1.5150. One sale was recorded at that price. Cheese barrels were ...
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