Market News

Milk futures, cash dairy higher

Milk futures on the Chicago Mercantile Exchange continued their rally Wednesday as well as cash markets.

September Class III milk up nine cents at $18.29.  October up 25 cents at $18.41.  November 22 cents higher at $17.89.  December up 15 cents at $17.28.  January through April contracts six to 12 cents higher.

Dry whey up $0.01 at $0.39.  One trade was made at that price.

Blocks up $0.04 at $2.0925 One trade was made at that price.

Barrels unchanged at $1.82.  Five trades were made at that price.

Butter up $0.0350 at $2.2350.  Fifteen trades were made ranging from $2.21 to $2.2350. 

Nonfat dry milk up $0.0050 at $1.0425.  Two trades were made at $1.04 and $1.0425.

Weekly European dairy prices were mostly higher on the week but lower for the year.  Skimmed milk powder had the largest gains for the week and cheese had the only decline.