Market News

Milk futures higher, cash dairy mixed

Milk futures on the Chicago Mercantile Exchange showed solid strength Thursday as cheese markets showed back up to work.

November Class III milk up three cents at $20.37.  December up 25 cents at $18.69.  January 23 cents higher at $18.19.  February up 24 cents at $17.69.  March through June contracts unchanged to 14 cents higher.

Dry whey up $0.01 at $0.3550.  Three trades were made ranging from $0.35 to $0.3550.

Blocks up $0.0050 at $1.8425.  Four trades were made ranging from $1.8225 to $1.83. 

Barrels up $0.0350 at $2.1850. 

Butter down $0.0075 at $2.04.  Three trades were made ranging from $2.04 to $2.0525. 

Nonfat dry milk unchanged at $1.2250.