Monday’s trading session at the Chicago Mercantile Exchange brought mostly declining values for dairy commodities, with block cheese standing as the lone exception to the downward trend.
Dry whey prices fell by 2.5 cents to settle at 65.5 cents, though no transactions were completed during the session. Meanwhile, 40-pound blocks of cheese bucked the overall trend, climbing 1.75 cents to reach $1.5150 per pound. Trading activity was robust for cheese blocks, with six transactions recorded at prices spanning from $1.49 to $1.5150.
Cheese barrels maintained their previous closing price of $1.49 per pound without any recorded sales activity. Butter experienced the steepest decline of the day, dropping 5.75 cents to $1.8125 per pound. This commodity saw significant trading volume with 18 transactions completed, with prices ranging between $1.81 and $1.87 per pound.
Nonfat dry milk rounded out the session with a 4-cent decrease, closing at $1.6450 per pound. Two sales were documented for this commodity, with transactions occurring at $1.64 and $1.6450 per pound.
