Market News

Milk futures steady to higher, cash dairy up

Class III milk futures at the Chicago Mercantile Exchange were mostly higher on spread trade and follow through buying. October was up $.12 at $16.75, November was $.01 higher at $16.50, December was unchanged at $16.30, and January was steady at $15.90.

Cash cheese blocks were $.0025 higher at $1.7525. The last unfilled bid was on two loads at $1.7525. Barrels were up $.01 at $1.74. The last unfilled bid was on two loads at $1.74. The last uncovered offer was for five loads $1.78.

Butter was $.02 higher at $2.375. Four loads were sold, all at $2.375. The last unfilled bid was on one load at $2.36. The last uncovered offer was for one load at $2.375.

Nonfat dry milk was up $.0075 at $.835. Two loads were sold, one at $.835 and one at $.8325. The last unfilled bid was on one load at $.8325. The last uncovered offer was for one load at $.8375.