Market News

Nearby milk futures up

In Class III trade at the Chicago Mercantile Exchange, milk futures were mixed, with winter and spring months up and summer months down. February was $.10 higher at $13.88 and March was up $.04 at $14.01, April was $.03 higher at $14.06 and May was up $.01 at $14.16.

Cash cheese barrels were up $.015 at $1.48. The last bid unfilled was on one load at that price. Blocks were steady at $1.49 with five loads sold. The last bid unfilled was on five loads at $1.47.

Butter was $.005 higher at $2.13. There were a total of 15 loads sold, from $2.12 to $2.16. The last bid unfilled was on one load at $2.12.

Grade A nonfat dry milk was up at $.76, with two loads sold. The last offer uncovered was for three loads at $.77.