Market News

Milk futures higher, cash dairy mixed

Milk futures on the Chicago Mercantile Exchange turned higher at midweek as traders bought back over-sold positions.

April Class III milk was up 17 cents at $23.46. May 40 cents higher at $23.90. June up 21 cents at $23.73. July 24 cents higher at $23.64. August up 16 cents at $23.57. September through to November five cents lower to two cents higher.

Dry whey down $0.0125 at $0.6775. Four sales were made at $0.6775 and $0.68.

Blocks up $0.01 at $2.18. Two trades were made at $2.15 and $2.18.

Barrels down $0.03 at $2.16. Three trades were made at $2.15 and $2.16.

Butter down $0.0050 at $2.7125. Four trades were made from $2.6975 to $2.7125.

Nonfat dry milk up $0.0050 at $1.8350. five trades were made from $1.8275 to $1.84.

The USDA has adjusted March Class and Component prices higher. The Class II milk price was set at $24.76 per hundredweight, up $0.97 from February, the Class III price was $22.45, $1.54 higher, and Class IV was $24.82, up $0.82.