Market News

Milk futures mostly higher, cash dairy mixed

Milk futures on the Chicago Mercantile Exchange started the week mostly higher while cash markets remain quiet.

May Class III milk down a penny at $16.29.  June up six cents at $16.51.  July four cents higher at $16.76.  August up two cents at $17.10.  September through January contracts three to five cents higher.

Dry whey up $0.01 at $0.35.  Two trades were made at$0.34 and $0.35.

Blocks unchanged at $1.6725. 

Barrels unchanged at $1.6250.  Three trades were made ranging from $1.6250 to $1.6275. 

Butter unchanged at $2.34.  One trade was made at that price.

Nonfat dry milk down $0.0025 at $1.0450.  Seven trades were made ranging from $1.0425 to $1.05.