Dairy commodity trading showed mixed results Tuesday at the Chicago Mercantile Exchange, with most products posting gains except for powder prices.
Dry whey broke from an extended streak of flat pricing, climbing 2 cents to reach 74 cents per pound. No transactions were completed for this product during Tuesday’s session.
Forty-pound blocks of cheese increased by just over 6 cents, finishing at $1.45 per pound. Trading activity included six transactions with prices spanning from $1.4150 to the closing price of $1.45.
Barrel cheese also moved higher, gaining a penny to close at $1.45 per pound following an extended period without price movement. A single transaction occurred at the closing price level.
Butter pricing remained flat at $1.7050 per pound with no change from the previous session. Four transactions took place with prices between $1.6950 and the closing level.
