Market News

Milk futures, cash dairy trade higher

The return of the butter market helped push milk futures on the Chicago Mercantile Exchange over the $22 mark Monday.

February Class III milk was up 10 cents at $20.80. March 27 cents higher at $21.93. April up 30 cents at $22.10. May 42 cents higher at $21.94. June through August 24 to 31 cents higher.

Dry whey unchanged at $0.8575.

Blocks unchanged at $1.90.

Barrels up $0.0150 at $1.91.

Butter up $0.0175 at $2.5175.

Nonfat dry milk up $0.0125 at $1.8450. Six trades were made from $1.84 to $1.8450.