Market News

Milk futures, cash dairy mostly higher

Milk futures on the Chicago Mercantile Exchange started the week strong supported by positive cash trade.

April Class III milk up two cents at $17.66.  May up 28 cents at $19.28.  June up 38 cents at $19.42.  July up 43 cents at $19.48.  August through October contracts 26 to 35 cents higher.

Dry whey up $0.0250 at $0.6450.  Three sales were made from $0.61 to $0.64. 

Blocks up $0.0075 at $1.80.  Eight sales were made from $1.7775 to $1.80.

Barrels down $0.01 at $1.7950.  Two sales were made at $1.79 and $1.7950.

Butter unchanged at $1.77. 

Nonfat dry milk up $0.0375 at $1.29.  Two sales were made at $1.28 and $1.29.