markets
November 7, 2018

Dairy Markets Continue To Slip

 |  By: Know Your Market

Dairy markets continued downward during Wednesdays’ session. The 2018 Class III milk price fell 6 cents in November at $14.46 while December lost 17 cents at $14.66. The 2019 Class III prices also fell 5 to 12 cents across the board. 

 

Class IV prices fell 10 cents for both November and December of 2018. The 2019 Class IV prices loosed 3-9 cents in January to March while the remaining of 2019 realized gains of 8 to 17 cents. 

 

The CME spot market continued to soften as well. Butter fell 3 cents after 5 trades to $2.21 per lb. Blocks fell 3 and ¼ cents at $1.42 and 1.2 cents per lb., also trading 5 times. Barrels also lost 3 cents at $1.30 and ½ cents per lb., only trading 3 times. 

 

Grade A nonfat dry milk only traded 1 time loosing 1 and ½ cents at 87 cents. Dry whey was the only product that didn’t trade, leaving it unchanged at 44 and ½ cents.  

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