Market News
Milk futures, cash dairy mixed
Class III milk futures at the Chicago Mercantile Exchange closed mixed Monday following the tone of the cash market.
October closed a penny lower at $15.60. November down four cents at $15.72. December down seven cents at $15.73. January four cents lower at $15.72. February through next September contracts closed unchanged to a nickel higher.
Barrels were down $0.0225 at $1.3075. Eight trades were made ranging from $1.3350 to $1.34.
Blocks were unchanged at $1.61. One trade was made at $1.58.
Butter was up $0.04 at $2.29. Six sales were made ranging from $2.25 to $2.29.
Nonfat dry milk closed $0.0050 higher at $0.8725.
Dry whey was unchanged at $0.5625.
Cooperatives Working Together has accepted eight requests for export assistance from member co-ops that will move more than 1.4 million pounds of Cheddar cheese to Asia, the Middle East and North Africa for delivery between November and March.
Tags: butter, Cattle/Beef, cheese, Commodities, Dairy, Dry Whey, Livestock, milk, Nonfat dry milk, USDA, whey
thank god for cwt! Not so much for our milk assesment money! andreas hansen,