CME Prices Mostly Trended Downward in March

Commodity prices on the Chicago Mercantile Exchange (CME) trended mostly downward in March according to the Upper Midwest Dairy News. Barrels, blocks, whey, and nonfat dry milk (NFDM) all saw decreases in price, while butter alone saw a price increase compared to last month. Compared to last year’s prices at this time, the same pattern emerges. Barrels, blocks, whey, and NFDM are all down, but butter is up.


The CME barrel price for cheddar cheese on March 19 was $1.50 per pound, down 10¾¢ from February and 45¼¢ below last year. Meanwhile, the CME 40-pound block price for cheddar cheese was $1.45 per pound, down 7¼¢ from last month, and54¢ below last year.
The CME butter price on March 19 was $2.82 per pound, up 4½¢ from last month and 41¢ above last year.
The CME price for NFDM on March 19 was $1.12½ per pound, down 6¾¢ from February, and 4¼¢ below last year.
The CME whey price on March 19 was $0.43 per pound, down 8¢ from last month and 1¾¢ below last year.

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