Market News

Milk futures, cash dairy mixed

Milk futures on the Chicago Mercantile Exchange closed mixed for a second day this week as did cash trade while global trade continues to decline.

June unchanged at $16.28.  July up six cents at $16.87.  August two cents higher at $17.17.  September down a nickel at $17.39.  October through February contracts three cents lower to a penny higher.

Dry whey down $0.0125 at $0.3425.  Ten trades were made ranging from $0.3425 to $0.3525.

Blocks up $0.03 at $1.78.  Four trades were made ranging from $1.76 to $1.7725.

Barrels up $0.04 at $1.6450.  Seven trades were made ranging from $1.6250 to $1.6450.

Butter down $0.0150 at $2.3625.  

Nonfat dry milk down $0.0025 at $1.05. 

The Global Dairy Trade auction index in New Zealand declined for the third time in a row.  The index declined 3.8 percent from the last event to $3,208 per ton. Butter, cheddar and whole milk powder saw the largest decreases in prices while rennet casein reported the only increase, up 2.3 percent.