The Chicago Mercantile Exchange (CME) kicked off the week with several essential dairy commodities rising and wondering what’s trending higher and how it might impact your operation. Let’s dive into the specifics.
| Mon | Tue | Wed | Thur | Fri | Current Avg. | Prior Week Avg. | Weekly Volume | |
|---|---|---|---|---|---|---|---|---|
| Butter | 3.1750 | – | – | – | – | 3.1750 | 3.1590 | 3 |
| Cheddar Block | 2.1400 | – | – | – | – | 2.1400 | 2.0820 | 7 |
| Cheddar Barrel | 2.2500 | – | – | – | – | 2.2500 | 2.2250 | 1 |
| NDM Grade A | 1.2975 | – | – | – | – | 1.2975 | 1.2790 | 14 |
| Dry Whey | 0.5650 | – | – | – | – | 0.5650 | 0.5610 | 0 |
Firstly, dry whey stayed steady at $0.5650. Stability is always a relief. Now, onto the changes. Cheese blocks saw a modest rise of $0.01025, bringing the price to $2.14 per pound across seven sales. Cheddar barrels significantly jumped, going up $0.15 to hit $2.25 with a single trade at that price, largely thanks to USDA’s bullish Cold Storage report. Blocks shot up $0.1025 to reach $2.1400 per pound, the highest price since January 2023.
- Butter climbed by $0.0450 to $3.1750, with three sales ranging from $3.16 to $3.18.
- Nonfat dry milk increased by $0.0150, now at $1.2975 after fourteen sales in the range of $1.29 to $1.2975.
(T4, D4)
