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CME Dairy Prices See Mixed Moves: Butter and Nonfat Milk Edge Higher, Barrels Dip

Thursday, May 23rd, 2024

Explore the recent changes in CME dairy prices: Butter and nonfat dry milk see gains, while barrel prices decline. What do these fluctuations mean for your market approach? Learn more now.

Cash dairy prices closed in mixed activity Thursday on the Chicago Mercantile Exchange. Dry whey remained unchanged at $0.3950. Blocks saw an increase of $0.0250, closing at $1.8650, with five sales recorded from $1.85 to $1.8650. Barrels experienced a decline of $0.0325, settling at $1.9975, with four trades ranging from $1.9975 to $2.03. Butter rose by $0.01, reaching $3.1225. Nonfat dry milk advanced by $0.0150, closing at $1.1875, with four trades logged between $1.1850 and $1.1875.

(T1, D1)

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