CME cash dairy prices continued to decline on Wednesday on the Chicago Mercantile Exchange. The market experienced notable shifts across various products, marking another day of downward trends.
“Dry whey was down $0.0025, closing at $0.3950, with six sales recorded ranging from $0.3950 to $0.3975. After a quiet Tuesday, the cheese market saw some activity on Wednesday with lower prices.”
Forty-pound cheese blocks fell by $0.0525 to settle at $1.81. A total of five sales were logged, with prices ranging from $1.81 to $1.85. Likewise, cheese barrels decreased by $0.02, finalizing at $1.96, with another five sales recorded in the range of $1.9525 to $1.97.
The butter market also saw a significant drop, slipping below the three-dollar threshold. Prices fell by $0.0275 to $3.0025, with five sales ranging between $2.95 and $2.9775. Nonfat dry milk experienced a slight decline, down $0.0050 to $1.1650, with two sales recorded at $1.15 and $1.16.
- Dry Whey: Down $0.0025 to $0.3950 (6 sales: $0.3950 – $0.3975)
- Forty-Pound Cheese Blocks: Down $0.0525 to $1.81 (5 sales: $1.81 – $1.85)
- Cheese Barrels: Down $0.02 to $1.96 (5 sales: $1.9525 – $1.97)
- Butter: Down $0.0275 to $3.0025 (5 sales: $2.95 – $2.9775)
- Nonfat Dry Milk: Down $0.0050 to $1.1650 (2 sales: $1.15 – $1.16)
