Dairy commodity trading showed varied results during Tuesday’s session at the Chicago Mercantile Exchange, with some products gaining ground while others declined.
Dry whey prices dropped by $0.0175 to close at $0.6375 per pound. Trading activity included two transactions recorded at prices of $0.6375 and $0.64.
Forty-pound cheese blocks saw an increase of $0.0450, finishing at $1.56 per pound. Market activity was robust with eight transactions completed, with prices spanning from $1.5250 to $1.56.
Cheese barrel prices held steady at $1.49 per pound with no trading activity reported for the day.
Butter maintained its previous closing price of $1.8125 per pound. The commodity saw significant trading volume with 28 transactions recorded, ranging from $1.79 to $1.8125.
Nonfat dry milk posted a modest gain of $0.0050, reaching $1.65 per pound, though no sales were completed during the session.
