Market News
Milk futures higher, cash dairy mixed
Milk futures on the Chicago Mercantile Exchange continued higher at midweek as strong global trade continues to carry markets.
November Class III milk up two cents at $20.34. December up a nickel at $18.44. January three cents higher at $17.96. February up three cents at $17.45. March through June contracts unchanged to four cents higher.
Dry whey up $0.0125 at $0.3450. One trade was made at that price.
Blocks unchanged at $1.8375.
Barrels unchanged at $2.15.
Butter down $0.0175 at $2.0475. Three trades were made ranging from $2.04 to $2.0575.
Nonfat dry milk down $0.01 at $1.2250. One trade was made at that price.
For December, the USDA has set the base Class I milk price at $19.33 per hundredweight, up $1.19 from November, with the base Class I skim price at $11.61, up $1.50.
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