Market News

Milk futures higher, cash dairy mixed

Milk futures on the Chicago Mercantile Exchange ended the week on the upper side of $18 per hundredweight while cash markets were mostly lower.

January Class III milk up four cents at $17.04.  February up two cents at $18.00.  March eight cents higher at $18.25.  April up nine cents at $18.00.  May through August contracts a nickel lower to a penny higher.

Dry whey up $0.0050 at $0.3650.  Five sales were made at $0.36 and $0.3625.

Blocks down $0.0075 at $1.9950.  Nine trades were made ranging from $1.99 to $2.0050.

Barrels down $0.02 at $1.61.  Seven trades were made ranging from $1.6075 to $1.6325. 

Butter down $0.0075 at $1.86.  Two trades were made at $1.8575 and $1.86.

Nonfat dry milk down $0.0025 at $1.2875.  One trade was made at that price.