Friday’s trading session at the Chicago Mercantile Exchange showed varied results for dairy commodities, with some products gaining ground while others lost value.
Dry whey experienced a decline of six cents, closing at 68 cents per pound. Trading activity remained quiet with no transactions recorded for this product.
Forty-pound blocks of cheese dropped by $0.0125 to finish at $1.4975 per pound. Market activity was moderate with five transactions completed, with prices ranging between $1.4950 and $1.5075.
Cheese barrels moved in the opposite direction, gaining two cents to reach $1.49 per pound, though no trading activity was documented.
Butter showed strong performance, climbing nine cents to $1.87 per pound. This commodity saw the most active trading with seventeen transactions recorded, spanning from $1.85 to $1.88.
Nonfat dry milk also posted gains, increasing by $0.0625 to settle at $1.6850 per pound. Six sales were completed within a price range of $1.6775 to $1.69.
