Trading activity at the Chicago Mercantile Exchange showed increases across most dairy commodities on Wednesday. Cheese blocks, barrels, butter, and nonfat dry milk all posted gains, while dry whey remained steady.
Most dairy commodity values climbed Wednesday during trading sessions at the Chicago Mercantile Exchange, with several key products posting notable increases.
Dry whey maintained its position at $0.6375 per pound with no trading activity recorded at that level. Forty-pound blocks of cheese gained $0.0425 to reach $1.6025, supported by two transactions at $1.58 and $1.59. Cheese barrels experienced a stronger rise of $0.0700 to settle at $1.56, though no actual sales occurred at that price point.
Butter values advanced $0.0225 to $1.8350 per pound without any recorded transactions. Nonfat dry milk also increased by $0.0225 to finish at $1.6725, with two sales completed at the $1.67 level.
The upward movement in dairy commodities reflects ongoing market dynamics affecting milk product pricing nationwide.
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