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.
