Market News

Milk futures mixed, cash dairy mixed

Milk futures on the Chicago Mercantile Exchange surged again higher on higher cash cheese prices.

September Class III milk up three cents at $18.34.  October up 54 cents at $19.72.  November 38 cents higher at $18.73.  December up 23 cents at $17.83.  January through April contracts eight to 16 cents higher.

Dry whey unchanged at $0.3975. 

Blocks up $0.0325 at $2.2375.  Three trades were made at $2.2150 and $2.23.

Barrels up $0.02 at $1.94.  One trade was made at that price.

Butter down $0.0150 at $2.2075. 

Nonfat dry milk unchanged at $1.0550.  One trade was made at that price.