Dairy Prices Show Mixed Movements in Midweek Trading at Chicago Mercantile Exchange
Source: The DairyNews
At the midweek session on the Chicago Mercantile Exchange, cash dairy prices displayed mostly higher trends amidst limited demand. Dry whey experienced a slight increase, closing up $0.0050 at $0.48.
Cheese blocks also saw a marginal rise, up $0.0025, settling at $1.9375 with five sales ranging from $1.9375 to $1.9475.
Barrels remained steady with no change in price, holding at $2.01, with transactions recorded at $2.01 and $2.0125 across three sales. Butter prices were stable as well, unchanged at $3.1050.
In contrast, nonfat dry milk witnessed a decrease, dropping $0.01 to close at $1.19. The session saw eleven trades occurring within a narrow range from $1.1875 to $1.1975.
These price movements reflect the ongoing fluctuations in the dairy market, influenced by varying levels of demand and market dynamics.
Barrels remained steady with no change in price, holding at $2.01, with transactions recorded at $2.01 and $2.0125 across three sales. Butter prices were stable as well, unchanged at $3.1050.
In contrast, nonfat dry milk witnessed a decrease, dropping $0.01 to close at $1.19. The session saw eleven trades occurring within a narrow range from $1.1875 to $1.1975.
These price movements reflect the ongoing fluctuations in the dairy market, influenced by varying levels of demand and market dynamics.
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