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.