Market News

Milk futures mostly lower, cash dairy mixed

Milk futures on the Chicago Mercantile started the week mostly lower while cash markets were mixed.

April Class III milk up a penny at $15.86.  May four cents lower at $15.72.  June down six cents at $15.81.  July down two cents at $16.12.  August through December contracts were four cents lower to unchanged.

Dry whey up $0.0075 at $0.3525.  Six trades were made on a range of $0.3475 to $0.3525.

Blocks down $0.0150 at $1.6450.  One trade was made at that price.

Barrels up $0.0025 at $1.5775.  Ten trades were made at that price.

Butter unchanged at at $2.27. 

Nonfat dry milk remained unchanged at $0.9875.  Two trades were made at $0.9875 and $0.99.