Tuesday brought some exciting changes in cash dairy prices on the Chicago Mercantile Exchange that might catch your attention. Dry whey saw a slight uptick, rising $0.01 to $0.57. This wasn’t just a blip; a recorded sale at that price supported it. Consistency in these minor gains can significantly boost your revenue over time.
But there’s more. Forty-pound cheese blocks edged up by a modest $0.0050, now sitting at $2.2150. Again, one sale was recorded at that new price point, showing that demand remains steady.
- Dry whey: Up $0.01 to $0.57
- Cheese blocks: Up $0.0050 to $2.2150
- Cheese barrels: Unchanged at $2.26
- Butter: Down $0.0175 to $3.1525
- Nonfat dry milk: Up $0.0125 to $1.3425
It’s not all rosy, though. Butter prices slipped by $0.0175, settling at $3.1525 across thirteen recorded sales. This dip might be a downer, but informed decisions come from knowing all the details.
Daily CME Cash Dairy Product Prices ($/lb.)
Final | Change ¢/lb. | Trades | Bids | Offers | |
Butter | 3.1525 | -1.75 | 13 | 2 | 6 |
Cheddar Block | 2.215 | 0.5 | 1 | 0 | 0 |
Cheddar Barrel | 2.26 | NC | 1 | 0 | 1 |
NDM Grade A | 1.3425 | 1.25 | 6 | 3 | 2 |
Dry Whey | 0.57 | 1 | 1 | 2 | 0 |
Weekly CME Cash Dairy Product Prices ($/lb.)
Mon | Tue | Wed | Thur | Fri | Current Avg. | Prior Week Avg. | Weekly Volume | |
Butter | – | 3.1525 | – | – | – | 3.1525 | 3.182 | 13 |
Cheddar Block | – | 2.215 | – | – | – | 2.215 | 2.128 | 1 |
Cheddar Barrel | – | 2.26 | – | – | – | 2.26 | 2.2115 | 1 |
NDM Grade A | – | 1.3425 | – | – | – | 1.3425 | 1.3115 | 6 |
Dry Whey | – | 0.57 | – | – | – | 0.57 | 0.5605 | 1 |
CME Futures Settlement Prices
Mon | Tue | |
Class III (SEP) $/CWT. | 0 | 22.54 |
Class IV (SEP) $/CWT. | 0 | 22.51 |
Cheese (SEP) $/LB. | 0 | 2.213 |
Blocks (SEP)$/LB. | 0 | 2.135 |
Dry Whey (SEP) $/LB. | 0 | 0.5328 |
NDM (SEP) $/LB. | 0 | 1.2775 |
Butter (SEP) $/LB. | 0 | 3.165 |
Corn (SEP) $/BU. | 0 | 3.8525 |
Corn (DEC) $/BU. | 0 | 4.09 |
Soybeans (SEP) $/BU. | 0 | 9.96 |
Soybeans (NOV) $/BU. | 0 | 1.015 |
Soybean Meal (SEP) $/TON | 0 | 320 |
Soybean Meal (DEC) $/TON | 0 | 321.1 |
Live Cattle (OCT) $/CWT. | 0 | 179.53 |
(T1, D1)