Market News

CME milk futures mostly lower, cash dairy mixed Thursday

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

December Class III milk was down $0.01 at $16.10.  January was down $0.03 at $16.19.  February was down $0.17 at $16.58.  March was up $0.02 at $17.33.  April through October contracts ranged from unchanged in June and July to four cents lower in August and September.  

Dry whey remained unchanged at $0.3975.  No sales were recorded. 

Forty-pound cheese blocks were down $0.05 at $1.54.  Nine sales were recorded, ranging from $1.54 to $1.5625. 

Cheese barrels were up $0.0250 at $1.51.  Two sales were recorded at $1.5050 and $1.51. 

Butter was up $0.0325 at $2.6550.  One sale was recorded at $2.65. 

Nonfat dry milk was down $0.02 at $1.1750.  Nine sales were recorded, ranging from $1.17 to $1.18.