Market News

Milk futures higher, cash dairy mixed

Class III milk futures at the Chicago Mercantile Exchange continued their positive movement through Tuesday’s trade.

November closed two cents higher at $14.53.  December up 15 cents at $14.81.  January 16 cents higher at $15.06.  February up 14 cents at $15.13.  March through next October contracts closed five to 11 cents higher.

Barrels were up $0.0375 at $1.3550.  Two trades were made, one at $1.33 and one at $1.34.

Blocks closed $0.0225 higher at $1.3725.  Four trades were made ranging from $1.36 to $1.3850.

Butter was down $0.0250 at $2.20.  Six trades were made ranging from $2.1975 to $2.23.

Nonfat dry milk was up $0.0025 at $0.8625.

Dry whey closed down $0.0050 at $0.4250.  Five trades were made ranging from $0.4250 to $0.4275.

Cooperatives Working Together has accepted 20 requests for export assistance from member co-ops that will move more than two million pounds of Cheddar and Monterey Jack cheese, 606,000 pounds of butter, and nearly 880,000 pounds of whole milk powder.   Delivery is contracted for November through April to Asia, Central America, the Middle East, North Africa, Oceania and South America.