
NDM climbs 3 cents to $1.81/lb on six transactions as 40-lb cheese blocks and butter face downward pressure at Chicago Mercantile Exchange.
Cash dairy commodity prices settled mostly lower during Wednesday’s trading session at the Chicago Mercantile Exchange (CME), with butter, dry whey, and block cheese yielding ground. Bucking the broader market softness, nonfat dry milk (NDM) posted solid gains, extending its recent upward trajectory to anchor the session’s only positive price movement among major traded dairy assets.
Nonfat dry milk advanced by $0.0300 to close at $1.8100 per pound, supported by active market turnover. Six spot sales were transacted on the physical platform, with trades executed within a price band ranging between $1.7900 and $1.8100 per pound. The sustained buyer interest in milk powder aligns with broader international demand trends and firming global protein benchmarks observed across major auction platforms.
Conversely, dairy fat commodities faced renewed downward momentum during the session. Grade AA butter dropped $0.0300 to finish at $1.4300 per pound. Trading activity in the butter complex remained brisk, logging six completed sales that ranged from $1.4300 to $1.4625 per pound as buyers capitalized on easing spot values amid comfortable domestic supply availability.
In the cheese market, 40-pound blocks slipped slightly, falling $0.0025 to settle at $1.5750 per pound following two spot sales completed at $1.5800 and $1.5825 per pound. Meanwhile, 500-pound cheese barrels held flat, finishing unchanged at $1.5650 per pound with zero reported trades. Dry whey mirrored the modest weakness in block cheese, dipping $0.0025 to close at $0.6925 per pound on a single reported sale.
The midweek trading patterns highlight ongoing divergence between dairy proteins and milkfats within domestic and global commodity channels. While easing butter prices reflect ample inventory cover and seasonal processing throughput, the resilience in nonfat dry milk underscores tight balance sheets for exportable solids-not-fat (SNF). Market participants will continue monitoring milk collection volumes and weather developments across major production basins to gauge late-summer price direction.
Source: Brownfield Ag News
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