Cash Dairy Prices Decline on Chicago Mercantile Exchange
Source: DairyNews.today
Cash dairy prices saw a downturn on Tuesday at the Chicago Mercantile Exchange (CME), reflecting softer market conditions across key product categories.
Dry whey prices held steady at $0.6025, with seven transactions recorded, ranging from $0.6025 to $0.6050.
In the cheese market, forty-pound blocks dropped $0.03, settling at $1.89, with one sale executed at that price. Cheese barrels experienced a sharper decline, down $0.07, closing at $1.91, also based on a single sale.
Butter prices saw a notable dip of $0.0525, finishing at $2.6775. Three trades were recorded, ranging from $2.6550 to $2.6775.
Nonfat dry milk also moved lower, declining by $0.0275 to $1.36, with sixteen sales ranging between $1.3575 and $1.37.
These shifts reflect broader trends in the dairy market, potentially signaling a period of price volatility.
In the cheese market, forty-pound blocks dropped $0.03, settling at $1.89, with one sale executed at that price. Cheese barrels experienced a sharper decline, down $0.07, closing at $1.91, also based on a single sale.
Butter prices saw a notable dip of $0.0525, finishing at $2.6775. Three trades were recorded, ranging from $2.6550 to $2.6775.
Nonfat dry milk also moved lower, declining by $0.0275 to $1.36, with sixteen sales ranging between $1.3575 and $1.37.
These shifts reflect broader trends in the dairy market, potentially signaling a period of price volatility.
