Market News

Milk futures higher, cash dairy mixed

Milk futures on the Chicago Mercantile Exchange ended higher again midweek while cash dairy trade slowed.

Weekly European dairy prices are down on the week but up on the year.

March Class III milk up a penny at $14.94.  April up 12 cents at $15.10.  May 16 cents higher at $15.31.  June up 12 cents at $15.60.  July through November contracts were a penny to eight cents higher.

Dry whey up $0.0050 at $0.31.   Seven trades were made ranging from $0.3050 to $0.31. 

Blocks unchanged at $1.5825.  Two trades were made at $1.57 and $1.58. 

Barrels up $0.0350 at $1.5450.  Nine trades were made ranging from $1.52 to $1.5450.

Butter unchanged at $2.28. 

Nonfat dry milk down $0.0050 at $0.9575.  Five trades were made ranging from $0.9525 to $0.96.