Futures Prices Generally Down Last Week
Spot butter was offered 2¢ lower to finish the week 8¢ last week from the previous week. Butter futures continued to decrease with AUG-NOV falling 9.75¢ from previous week. Blocks and barrels each increased a penny last week. Class III futures were down from a week ago in all but the first few contract-months, including a 63¢ drop in DEC. However, JUL closed at a new high of $20.28 today. For a summary of the CME spot sales click here. For last week’s futures settlement prices click here.

