Market News

CME milk futures mixed, cash dairy mostly lower Monday

Milk futures were lower in the near months and the cash dairy markets were mostly lower Monday on the Chicago Mercantile Exchange. 

March Class III milk was down $0.10 at $16.47.  April was down $0.16 at $15.92.  May was down $0.14 at $16.34.  June was down $0.07 at $17.13.  

July through January contracts ranged from unchanged in October and November to ten cents higher in September.  Monday’s Class III trade volume was 1,454 contracts. 

Dry whey was up $0.0050 at $0.4150.  No sales were recorded.  

Forty-pound cheese blocks were down $0.0250 at $1.4350.  Five sales were recorded, ranging from $1.4350 to $1.44. 

Cheese barrels were down $0.0275 at $1.46.  Twelve sales were recorded, ranging from $1.46 to $1.4775. 

Butter was unchanged at $2.8025.  No sales were recorded. 

Nonfat dry milk was down $0.0025 at $1.1675.   No sales were recorded. 

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