CME: Milk Futures and Cash Dairy Prices Mostly Lower Amid Stronger Dollar
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.
