CME: Milk Futures and Cash Dairy Prices Mostly Lower Amid Stronger Dollar
Source: The DairyNews
Milk futures on the Chicago Mercantile Exchange and cash dairy prices experienced declines in the midweek trading session, influenced by a stronger dollar that overshadowed the market.
January Class III milk remained unchanged at $15.16.
February decreased by two cents to $15.71.
March saw a four-cent decline to $16.14.
April held steady at $16.90.
May through July contracts were unchanged to eight cents lower.
In the cash market:
Dry whey declined by $0.01 to $0.4050, with six sales reported between $0.4050 and $0.4150.
Blocks were down $0.0150 at $1.50, with one sale recorded at that price.
Barrels decreased by $0.0025 to $1.4675.
Butter increased by $0.0125 to $2.58, with one sale reported at that price.
Nonfat dry milk remained unchanged at $1.1950.
February decreased by two cents to $15.71.
March saw a four-cent decline to $16.14.
April held steady at $16.90.
May through July contracts were unchanged to eight cents lower.
In the cash market:
Dry whey declined by $0.01 to $0.4050, with six sales reported between $0.4050 and $0.4150.
Blocks were down $0.0150 at $1.50, with one sale recorded at that price.
Barrels decreased by $0.0025 to $1.4675.
Butter increased by $0.0125 to $2.58, with one sale reported at that price.
Nonfat dry milk remained unchanged at $1.1950.
