Market News

Milk futures, cash dairy mostly higher

Milk futures on the Chicago Mercantile Exchange started the week sharply higher supported by strong movement in the cash cheese market.  

October Class III milk up three cents at $18.66.  November up 62 cents at $19.18.  December 42 cents higher at $18.42.  January up 32 cents at $17.60.  February through May contracts two to 14 cents higher.

Dry whey unchanged at $0.2850.  Fourteen trades were made at $0.2825 and $0.2850. 

Blocks up $0.1025 at $2.07.  Four trades were made ranging from $2.05 to $2.08.

Barrels up $0.0525 at $2.0525.

Butter up $0.0050 at $2.12.  Three trades were made at $2.1125 and $2.12. 

Nonfat dry milk down $0.0050 at $1.1650.  One trade was made at that price.