Dairy commodity trading concluded Friday with mostly declining prices at the Chicago Mercantile Exchange. Butter saw the largest drop at 2 cents per pound, while cheese barrels and nonfat dry milk held steady.
Trading activity for dairy commodities wrapped up Friday with predominantly declining values at the Chicago Mercantile Exchange.
Dry whey experienced a modest decline, dropping half a cent to close at $0.6325 per pound. Market activity included one transaction recorded at the closing price.
Forty-pound blocks of cheese fell by three-quarters of a cent, finishing at $1.5225 per pound, though no trading activity was documented for this commodity. Meanwhile, cheese barrels held their ground at $1.56 per pound with no recorded transactions.
Butter experienced the most significant decline among dairy products, falling 2 cents to settle at $1.84 per pound. This commodity saw the most active trading of the day, with twelve transactions occurring within a price range of $1.83 to $1.85.
Nonfat dry milk maintained its previous level at $1.71 per pound, with one sale completing at that exact price point.
Attorney General Pam Bondi announced Friday that federal prosecutors have filed charges against 30 more individuals connected to an immigration enforcement protest at a Minnesota church. Federal agents have already taken 25 of those charged into custody, with additional arrests expected throughout the day.
Media giant Paramount is anticipated to receive straightforward European Union regulatory approval for its acquisition of Warner Bros Discovery, according to insider sources. The combined company would hold less than 20% market share across European markets, well below the threshold that typically triggers strict regulatory scrutiny.
Paramount has successfully acquired Warner Bros Discovery in a $110 billion transaction that was finalized Friday morning, according to a company executive speaking during an internal meeting. The mega-deal creates one of Hollywood's largest film studios and will likely combine streaming services HBO Max and Paramount+.
The Securities and Exchange Commission has finalized new regulations requiring top executives and board members at foreign companies listed on U.S. stock exchanges to disclose their stock holdings and transactions. The rules, which take effect March 18, eliminate a previous exemption that allowed foreign company insiders to avoid the same disclosure requirements faced by American company officials.