Market News

Milk futures higher, cash dairy mixed

Class III milk futures at the Chicago Mercantile Exchange worked their way higher Monday taking back some of last week’s losses.

November closed a nickel higher at $14.50.  December up 19 cents at $14.66.  January 14 cents higher at $14.90.  February up a dime at $14.99.  March through next October contracts closed six to 11 cents higher.

Barrels were up $0.0125 at $1.3175.

Blocks closed $0.03 lower at $1.35.  Five trades were made ranging from $1.35 to $38.

Butter was up $0.0325 at $2.2250.  One trade was made at that price.

Nonfat dry milk was unchanged at $0.86.  One trade was made at $0.8575.

Dry whey closed down $0.0050 at $0.43.  Eight trades were made ranging from $0.43 to $0.4350.