Nonfat Dry Milk Rises to $1.7450 as CME Dairy Trading Stays Mixed

2 articles · Updated · brownfieldagnews.com · Aug 14

Nonfat dry milk climbed $0.0350 to $1.7450 Friday at the CME, leading gains in a mixed cash dairy session; six sales were reported from $1.7175 to $1.7450.
Dry whey also advanced, up $0.02 to $0.69 on one sale, while cheese and butter failed to follow higher.
Butter posted the sharpest decline, falling $0.0275 to $1.46 on nine sales ranging from $1.4525 to $1.47.
Cheese blocks slipped $0.01 to $1.60 with no sales, and barrels were unchanged at $1.5625, underscoring uneven demand across dairy products.

Sources

With US milk production surging, why are specific dairy components like nonfat dry milk still experiencing sudden price spikes?

Are traditional commodity dairy markets losing investment appeal as biotech innovations like precision fermentation rapidly gain ground?