Archive for EU milk production

CME Cash Dairy Market: Butter and Nonfat Dry Milk Prices Surge Higher, Cheese Prices Hold Steady

cash dairy market, Chicago Mercantile Exchange, dry whey prices, cheese blocks, cheese barrels, butter price increase, nonfat dry milk, dairy market trends, Class IV futures, EU milk production, dairy farmers, dairy industry news

If you’ve been following the Chicago Mercantile Exchange, you may have noticed some exciting developments on Tuesday. The combination of constant and rising pricing presents a lot to analyze. Dive in with us and discover what it all means for you.

Dry whey is stable at $0.5650, with two sales confirming the figure. It symbolizes steadiness, which you could appreciate in these uncertain times. Meanwhile, cheese blocks and barrels remained steady at $2.14 and $2.25, respectively. There are no new transactions to announce here, but sometimes, no news is good.

And then there is butter. Butter prices have risen by $0.0225 to $3.1975, setting new yearly highs. That’s a significant increase, with thirteen sales from $3.1975 to $3.22. Nonfat dry milk (NDM) climbed by $0.0175, reaching $1.3150. Thirteen transactions were also registered, with values ranging from $1.3050 to $1.3175. These moves might indicate a strong trend that will continue for some time.

Daily CME Cash Dairy Product Prices ($/lb.)

FinalChange ¢/lb.TradesBidsOffers
Butter3.1975+2.251343
Cheddar Block2.1400NC000
Cheddar Barrel2.2500NC002
NDM Grade A1.3150+1.751337
Dry Whey0.5650NC244

Weekly CME Cash Dairy Product Prices ($/lb.)

MonTueCurrent Avg.Prior Week Avg.Weekly Volume
Butter3.1753.19753.18633.15916
Cheddar Block2.142.142.142.0827
Cheddar Barrel2.252.252.252.2251
NDM Grade A1.29751.3151.30631.27927
Dry Whey0.5650.5650.5650.5612

Weekly CME Cash Dairy Product Prices ($/lb.)

MonTueCurrent Avg.Prior Week Avg.Weekly Volume
Butter3.1753.19753.18633.15916
Cheddar Block2.142.142.142.0827
Cheddar Barrel2.252.252.252.2251
NDM Grade A1.29751.3151.30631.27927
Dry Whey0.5650.5650.5650.5612

CME Futures Settlement Prices

MonTue
Class III (SEP) $/CWT.22.5422.55
Class IV (SEP) $/CWT.22.2722.59
Cheese (SEP) $/LB.2.2052.194
Blocks (SEP)$/LB.2.142.14
Dry Whey (SEP) $/LB.0.540.54
NDM (SEP) $/LB.1.27751.3045
Butter (SEP) $/LB.3.19953.2175
Corn (SEP) $/BU.4.243.6725
Corn (DEC) $/BU.3.863.925
Soybeans (SEP) $/BU.9.60759.695
Soybeans (NOV) $/BU.9.819.8775
Soybean Meal (SEP) $/TON312.2317.3
Soybean Meal (DEC) $/TON308.1312.4
Live Cattle (OCT) $/CWT.176.98179.18

Trading commodities futures and options entails considerable risk. Investors must carefully balance these risks with their financial status. Although we obtained the material from credible sources, it has not been independently confirmed. This article represents the author’s viewpoint, not necessarily that of The Bullvine, and is meant as a solicitation. Remember that previous performance does not guarantee future outcomes.

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