Market News

Milk futures, cash dairy mixed

Milk futures on the Chicago Mercantile Exchange traded mixed in a narrow range Thursday ahead of the monthly dairy product report.

February Class III milk down four cents at $15.54.  March down two cents at $16.01.  April three cents higher at $16.37.  May up four cents at $16.73.  June through August contracts a penny lower to five cents higher.

Dry whey unchanged at $0.5350. 

Blocks down $0.0225 at $1.5575.  Five sales were made ranging from $1.5350 to $1.5550.

Barrels up $0.0325 at $1.4450.  One trade was made at that price.

Butter down $0.0150 at $1.2775.  Thirteen sales were made ranging from $1.2750 to $1.30. 

Nonfat dry milk down $0.02 at $1.09.  Six sales were made ranging from $1.09 to $1.0975.