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Here’s a snapshot of the latest developments in dairy futures and cash markets:
Milk Futures:
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September Class III Milk Futures: Closed down $0.04 at $21.30.
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October Class III Milk Futures: Down $0.01 at $21.65.
November Class III Milk Futures: Up $0.04 at $21.17.
December through February Contracts: Unchanged to $0.06 higher.
Cash Dairy Markets:
Dry Whey: Unchanged at $0.56.
Cheddar Blocks: Up $0.0725 at $2.10.
Cheddar Barrels: Up $0.0850 at $2.25.
Butter: Up $0.0225 at $3.1450.
Nonfat Dry Milk: Up $0.0025 at $1.2450.
Overall, while futures show mixed results with some contracts declining, the cash dairy market is experiencing steady to higher prices across most products.
