Most dairy commodity prices declined during Monday's trading session at the Chicago Mercantile Exchange, with the notable exception of butter. Butter prices surged by more than 26 cents per pound, while cheese, dry whey, and nonfat dry milk all posted losses.
Most dairy commodity values fell during Monday’s trading session at the Chicago Mercantile Exchange, though butter bucked the downward trend with significant gains.
Dry whey dropped half a cent to close at $0.6275 per pound, with one transaction recorded at that level. Forty-pound blocks of cheese declined by three-quarters of a cent to $1.5150, supported by three transactions ranging between $1.5125 and $1.5150. Cheese barrels fell one cent to $1.55 per pound, though no transactions occurred in that category.
Butter stood out as the day’s winner, climbing $0.2650 to reach $2.1050 per pound. Trading activity was robust with fifteen transactions completed, spanning from $2.05 to $2.1075. Nonfat dry milk prices retreated four cents to $1.67 per pound, with eighteen sales executed in a range from $1.6575 to $1.71.
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