Market News

CME milk futures higher, cash dairy mixed Thursday

Milk futures were higher and the cash dairy markets were mixed Thursday on the Chicago Mercantile Exchange.   

September Class III milk was up $0.07 at $18.58.  October was up $0.26 at $19.21.  November was up $0.27 at $18.98.  December was up $0.16 at $18.73.  January through July contracts ranged from unchanged in April, May, and July to thirteen cents higher in February.   

Dry whey was down $0.01 at $0.31.  Two sales were recorded at $0.31 and $0.3175. 

The cheese market remains quiet with forty-pound cheese blocks unchanged at $1.9625.  No sales were recorded. 

Cheese barrels were unchanged for a second straight trading session at $1.8675.  No sales were recorded. 

Butter was up $0.01 at $2.73.  Sixteen sales were recorded, ranging from $2.73 to $2.76. 

Nonfat dry milk was up $0.01 at $1.10. Fifteen sales were recorded ranging from $1.0975 to $1.11.