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CME milk futures & cash dairy prices lower Friday

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Milk futures and the cash dairy markets closed the week lower Friday except for butter on the Chicago Mercantile Exchange.   

December Class III milk was down $0.05 at $16.15.  January was down $0.34 at $15.90.  February was down $0.20 at $16.14.  March was down $0.30 at $16.78.  April through November contracts ranged from fourteen cents lower in April to four cents higher in November, and November was the only month with a gain in value. 

Dry whey remained unchanged for a third day at $0.3950.  No sales were recorded. 

Forty-pound cheese blocks were down $0.05 at $1.52.  Two sales were recorded at $1.52 and $1.53. 

Cheese barrels were down $0.0450 at $1.45.  Eleven sales were recorded, ranging from $1.4450 to $1.4950. 

Butter was up $0.03 at $2.49.  Two sales were recorded at $2.47 and $2.49. 

Nonfat dry milk was down $0.0050 at $1.16.  One sale was recorded at that price. 

CME milk futures & cash dairy prices lower Friday