Market News

Milk futures higher, cash dairy mixed

Milk futures were sharply higher, and cash dairy prices were mixed on the Chicago Mercantile Exchange Monday. July Class III milk was up $.06 at $24.32 and August was up $.76 at $23.24, while September was up $.75 at $20.73 and October was up $.75 at $19.09 The milk futures from November through next June ranged from zero to sixty-four cents higher.

Dry whey was unchanged at $.3350 cents per pound. No sales were recorded. Forty-pound cash cheese blocks were up $.0025 at $2.6625 per pound. There were three sales recorded from $2.66 to $2.6625. Barrels were up $.02 at $2.45 per pound. Four sales were recorded from $2.43 to $2.45. Grade AA Butter was down a penny at $1.68 per pound. Eleven sales were recorded from $1.6750 to $1.71. Nonfat dry milk was down $.01 at $.99 per pound. One sale was recorded at that price.