Dairy commodity trading posted gains Thursday at the Chicago Mercantile Exchange, buoyed by an encouraging forecast released by the U.S. Department of Agriculture.
Cheese block prices climbed one cent to reach $1.51 per pound, with trading activity recording one transaction at $1.5050. Cheese barrels held steady at their previous level of $1.47 per pound.
Butter saw the most significant movement, jumping 7.5 cents to $1.78 per pound. Market activity was robust with seventeen transactions completed, ranging from $1.7175 to $1.7850 per pound.
Dry whey prices remained flat at 74 cents per pound, showing no change from the previous trading session.
