USA: CME milk futures lower, cash dairy mixed Tuesday

Published May 16, 2023

Tridge summary

On May 16, 2023, the Chicago Mercantile Exchange reported a decrease in milk futures and mixed cash dairy prices. June Class III milk dropped by $0.08 to $16.33, with subsequent months also seeing a decline. Dry whey also fell by $0.0050 to $0.2975, while cheese blocks and butter prices remained stable. Cheese barrels and nonfat dry milk prices also saw slight changes, with cheese barrels decreasing by $0.0275 to $1.4475 and nonfat dry milk remaining unchanged at $1.1650.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Milk futures were lower and cash dairy prices were mixed Tuesday on the Chicago Mercantile Exchange. June Class III milk was down $0.08 at $16.33. July was down $0.06 at $17.25. August was down $0.05 at $18.05. September was down $0.05 at $18.70. October through April contracts ranged from three cents lower in January to thirteen cents lower in April. Dry whey was down $0.0050 at $0.2975. Twenty sales were recorded from $0.2975 to $0.3050. Cheese blocks were up $0.0350 at $1.5050. Four sales were recorded from $1.49 to $1.52. Cheese barrels were down ...

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