Market News

CME milk futures, cash dairy markets higher Monday

Milk futures were higher in the near term and cash dairy prices were higher Monday on the Chicago Mercantile Exchange.

July Class III milk July was up a penny at 13.83. August Class III milk had most of the trading volume and was up $0.22 at $15.31.  September was up $0.19 at $16.11.  October was down $0.01 at $17.01.  November was unchanged at $17.58.  December through June contracts ranged from unchanged from December through May to eleven cents higher in June.

Dry whey was up $0.0025 at $0.25.  No sales were recorded.

Cheese blocks were up $0.0150 at $1. 4950.  Three sales were recorded from $1.48 and $1.49.

Cheese barrels were up $0.0150 at $1.4075.  No sales were recorded.

Butter was up $0.01 at $2.56.  Twenty sales were recorded, ranging from $2.5525 to $2.5675.

Nonfat dry milk was up $0.01 at $1.1150.  No sales were recorded.