Market News

CME milk futures mixed, cash dairy steady Thursday

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

January Class III milk was down $0.05 at $15.26.  February was up $0.07 at $15.62.  March was up $0.13 at $16.32.  April was up $0.04 at $17.12.  May through November contracts ranged from four cents lower in June to five cents higher in November. 

Dry whey was up $0.0075 at $0.4075.  Two sales were recorded at $0.4050 and $0.4075. 

Forty-pound cheese blocks were unchanged at $1.4550.  No sales were recorded. 

Cheese barrels were unchanged at $1.4150.  No sales were recorded. 

Butter was down $0.0350 at $2.65.  Three sales were recorded, ranging from $2.65 to $2.68. 

Nonfat dry milk was unchanged at $1.18.  Eight sales were recorded at that price.