Market News

CME milk futures, cash dairy mostly higher Monday

Milk futures and the cash dairy markets were mostly higher Monday on the Chicago Mercantile Exchange. 

April Class III milk was up $0.18 at $15.75.  May was up $0.16 at $16.32.  June was up $0.18 at $17.04.  July was up $0.05 at $17.72.  

August through February contracts ranged from unchanged in February to eleven cents higher in October.  Monday’s Class III trade volume was higher with 2,454 contracts. 

Dry whey was unchanged at $0.3950.  No sales were recorded. 

Forty-pound cheese blocks were up $0.0350 at $1.4275.  Seven sales were recorded, ranging from $1.4250 to $1.4450. 

Cheese barrels were up $0.0050 at $1.43.  Nine sales were recorded, ranging from $1.4225 to $1.43. 

Butter was up $0.0550 at $2.8625.  Nine sales were recorded, ranging from $1.85 to $1.8625. 

Nonfat dry milk was up $0.0150 at $1.1225.   Seven sales were recorded, ranging from $1.12 to $1.1250.