Market News

CME milk futures, cash dairy mostly higher Monday

Milk futures were higher in the near months and the cash dairy markets were higher except butter Monday on the Chicago Mercantile Exchange. 

January Class III milk was up $0.02 at $15.14.  February was up $0.21 at $15.74.  March was up $0.12 at $16.28.  April was up $0.02 at $17.02.  May through December contracts ranged from five cents lower in November to four cents higher in June. 

Dry whey was up $0.01 at $0.4225.  One sale was made at that price. 

Forty-pound cheese blocks were up $0.0225 at $1.4575.  Six sales were recorded, ranging from $1.4250 to $1.4575. 

Cheese barrels were up $0.0450 at $1.4550.  Four sales were recorded, ranging from $1.4450 to $1.4575. 

Butter was down $0.0450 at $2.53, falling fifteen and a half cents in three trading sessions.  Four sales were recorded on Monday, ranging from $2.53 to $2.5425.  

Nonfat dry milk was up $0.0075 at $1.18.  Two sales were recorded at that price.