Market News

Milk futures, cash dairy mostly higher

Milk futures on the Chicago Mercantile Exchange closed out the week mostly higher supported by cash trade and declining feed costs.

July Class III milk up two cents at $16.59. August up eight cents at $16.47. September nine cents higher at $16.91. October up 13 cents at $17.67. November through January contracts unchanged to four cents higher.

Dry whey unchanged at $0.5375.

Blocks up $0.0425 at $1.5850.

Barrels up $0.03 at $1.4025. Fifteen sales were made from $1.3725 to $1.4025.

Butter unchanged at $1.6950.

Nonfat dry milk up $0.0075 at $1.2525. One trade was made at that price.