Discover the latest CME cash dairy price shifts: butter and block cheese rise while barrels and nonfat dry milk dip. How will these changes impact your market strategy?
This Thursday, cash dairy prices presented a mixed picture on the Chicago Mercantile Exchange. Monitoring these daily fluctuations is essential, as they can impact everything from production costs to consumer prices at the grocery store. Let’s break down the latest movements in the cash dairy market.
| Product | Price Change | Current Price | Sales Recorded |
|---|---|---|---|
| Dry Whey | $0.0000 | $0.4850 | None |
| Block Cheese | +$0.03 | $1.91 | Two |
| Cheese Barrels | -$0.02 | $1.88 | One |
| Butter | +$0.0175 | $3.1075 | Two |
| Nonfat Dry Milk | -$0.0050 | $1.18 | Eight |
Here’s a quick summary of the day’s changes:
- Dry whey maintained stability for a third consecutive day at $0.4850, with no sales recorded.
- Block cheese prices made gains, surpassing barrel cheese prices:
- Cheese barrels experienced a slight dip, dropping by $0.02 to $1.88, with one sale recorded.
- Butter prices increased by $0.0175 to $3.1075, bolstered by two sales recorded at $3.0950 and $3.1075.
- Nonfat dry milk prices decreased marginally by $0.0050 to $1.18, supported by eight sales ranging from $1.1725 to $1.18.
(T1, D1)
