Dairy | Milk futures lower, cash dairy trade mixed

Milk futures on the Chicago Mercantile Exchange turned higher Wednesday supported by global trade while cash markets remained mixed.

September Class III milk down a penny at $16.60. October up 32 cents at $17.42. November 29 cents higher at $17.15. December up 13 cents at $17.30. January through March contracts 11 to 14 cents higher.

Dry whey up $0.0150 at $0.55. Three sales were made from $0.54 to $0.55.

Blocks up $0.0250 at $1.75. Three sales were made from $1.7350 to $1.75.

Barrels unchanged at $1.60. Nine sales were made from $1.60 to $1.61.

Butter down $0.0225 at $1.75. Fourteen trades were made from $1.75 to $1.78.

Nonfat dry milk unchanged at $1.35. Seven trades were made at $1.35 to $1.3525.

The Global Dairy Trade index in New Zealand on Tuesday posted another gain for the third straight event, up one percent. Whole milk powder led the categories higher, up 2.1 percent, followed by lactose, up 1.3 percent. Butter and cheddar trades were down for the week.

Look also

Most NZ dairy farmers put profitability first – but some are planting native trees anyway

Globally, about 40% of ice-free land is used for agriculture, managed by farmers and herders.

You may be interested in

More than 150 dairy workers to be made redundant after Beston Global Food Company fails to find buyer

Most NZ dairy farmers put profitability first – but some are planting native trees anyway

Nutiani and Fonterra reveal top 2025 nutrition trends featuring GLP-1, AI and natural living

Topics |
Dairy, Dairy businesses, Dairy Future, Dairy industry

Legal notice about Intellectual Property in digital contents. All information contained in these pages that is NOT owned by eDairy News and is NOT considered “public domain” by legal regulations, are registered trademarks of their respective owners and recognized by our company as such. The publication on the eDairy News website is made for the purpose of gathering information, respecting the rules contained in the Berne Convention for the Protection of Literary and Artistic Works; in Law 11.723 and other applicable rules. Any claim arising from the information contained in the eDairy News website shall be subject to the jurisdiction of the Ordinary Courts of the First Judicial District of the Province of Córdoba, Argentina, with seat in the City of Córdoba, excluding any other jurisdiction, including the Federal.