Market News

Milk futures mostly higher, cash dairy mixed Monday

Most milk contracts settled in positive territory Monday despite some negative export news tied to the ongoing spread of African swine fever and the trade war with China.

The U.S. also recorded losses to four of its top five export destinations during the first half of the year, including China, Mexico, Canada, and the Philippines.

Milk futures on the Chicago Mercantile Exchange started the week mostly higher in the face of bearish trade news.

August Class III milk futures settled at $17.44, 15 cents higher.  September closed up two at $17.81.  October milk also gained two cents to $17.78.  November unchanged at $17.50.  December through March a penny lower to two cents higher.

For cash dairy, dry whey was unchanged at $0.34.

Blocks up $0.04 at $1.86.  Five trades were made, ranging from $1.82 to $1.86.

Barrels down $0.0025 at $1.69.  Two trades were made at that price.

Butter closed $0.0275 higher at $2.3475.  12 trades were made, ranging from $2.31 to $2.3525. 

Nonfat dry milk down $0.0025 at $1.0175.  Four trades, ranging from $1.0150 to $1.02.