Market News

CME dairy markets closed mixed Friday

The Dairy markets were mixed on the Chicago Mercantile Exchange Friday.

January milk was up $.05 at $13.88.  February was up $.02 at $13.56.  March was up $.02 to $13.54.  April was down $.02 closing at $13.71.  The rest of the 2018 milk futures were all down except August, which was up two cents.

Grade AA Butter was down $.0125 closing at $2.12.  Seven carloads were sold ranging from $2.1125 to $2.1225.

Barrels were down $.0050 to $1.3450.  Six carloads were sold ranging from $1.3450 to $1.35.

40-pound blocks were up $.0150 to  $1.5650.  One carload of blocks was sold at $1.5725.

Nonfat dry milk was down $.0075 at $.7075 per pound. Seventeen carloads were sold ranging from  $.7050 to $.7125.

The CME Group is planning to introduce a new Dry Whey Spot Call market to its electronic auction platform.  CME will announce a start date for the addition in the second quarter of this year.