Wednesday’s cash dairy prices painted a mixed picture, keeping dairy farmers and industry professionals on their toes.
Let’s break down the day’s movements so you can keep your strategy sharp:
- Dry Whey: Dropped by $0.0050, settling at $0.5650, with only one sale recorded.
- 40-Pound Cheese Blocks: Saw a slight increase of $0.0150, reaching $2.23, based on one sale.
- Cheese Barrels: Down by $0.01, ending at $2.25, with one sale recorded.
- Butter: Decreased by $0.0050 to $3.1475, with no sales recorded.
- Nonfat Dry Milk: Edged up by $0.0125, closing at $1.3550, with two sales at different prices ($1.35 and $1.3550).
Daily CME Cash Dairy Product Prices ($/lb.)
| Final | Change ¢/lb. | Trades | Bids | Offers | |
| Butter | 3.1475 | -0.5 | 0 | 2 | 3 |
| Cheddar Block | 2.23 | 1.5 | 1 | 0 | 1 |
| Cheddar Barrel | 2.25 | -1 | 1 | 0 | 0 |
| NDM Grade A | 1.355 | 1.25 | 2 | 6 | 2 |
| Dry Whey | 0.565 | -0.5 | 1 | 2 | 1 |
Weekly CME Cash Dairy Product Prices ($/lb.)
| Tue | Wed | Current Avg. | Prior Week Avg. | Weekly Volume | |
| Butter | 3.1525 | 3.1475 | 3.15 | 3.182 | 13 |
| Cheddar Block | 2.215 | 2.23 | 2.2225 | 2.128 | 2 |
| Cheddar Barrel | 2.26 | 2.25 | 2.255 | 2.2115 | 2 |
| NDM Grade A | 1.3425 | 1.355 | 1.3488 | 1.3115 | 8 |
| Dry Whey | 0.57 | 0.565 | 0.5675 | 0.5605 | 2 |
CME Futures Settlement Prices
| Tue | Wed | |
| Class III (SEP) $/CWT. | 22.54 | 22.6 |
| Class IV (SEP) $/CWT. | 22.51 | 22.38 |
| Cheese (SEP) $/LB. | 2.213 | 2.219 |
| Blocks (SEP)$/LB. | 2.135 | 2.135 |
| Dry Whey (SEP) $/LB. | 0.5328 | 0.5285 |
| NDM (SEP) $/LB. | 1.2775 | 1.29 |
| Butter (SEP) $/LB. | 3.165 | 3.17 |
| Corn (SEP) $/BU. | 3.8525 | 3.9125 |
| Corn (DEC) $/BU. | 4.09 | 4.13 |
| Soybeans (SEP) $/BU. | 9.96 | 1.005 |
| Soybeans (NOV) $/BU. | 1.015 | 1.0275 |
| Soybean Meal (SEP) $/TON | 320 | 323.3 |
| Soybean Meal (DEC) $/TON | 321.1 | 328.6 |
| Live Cattle (OCT) $/CWT. | 179.53 | 179.18 |
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