News

CME milk futures lower, cash dairy mixed Tuesday in the United States

Dairy
United States
Market & Price Trends
Published Feb 28, 2024

Tridge summary

On Tuesday, the Chicago Mercantile Exchange reported a decrease in milk futures and a mixed performance in the cash dairy markets. March Class III milk dropped by $0.30 to $17.28, April fell by $0.44 to $17.56, May decreased by $0.41 to $17.84, and June was down $0.44 to $18.16. Dry whey, butter, and nonfat dry milk also experienced a decline. However, forty-pound cheese blocks saw a slight increase of $0.02 to $1.61, while cheese barrels remained stable.
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 lower and the cash dairy markets were mixed Tuesday on the Chicago Mercantile Exchange. March Class III milk was down $0.30 at $17.28. April was down $0.44 at $17.56. May was down $0.41 at $17.84. June was down $0.44 at $18.16. July through January contracts ranged from unchanged in December and January to thirty-eight cents lower in July. Tuesday’s Class III trade volume was 1,772 contracts. Dry whey was down $0.0450 at $0.4525. One sale was recorded at that price. Forty-pound cheese blocks were up $0.02 at $1.61. Two sales were recorded at $1.61 and $1.6175. Cheese barrels were unchanged at ...
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