Market News

Milk futures up, cash dairy mostly steady to firm

Chicago Mercantile Exchange Class III milk futures were higher ahead of Thursday’s USDA supply and demand report. December was up $.05 at $18.76 and January gained $.24 to $19.78, while February was $.13 higher at $19.84 and March was up $.09 at $19.62.

Cash cheese barrels were up $.0125 at $1.6925 and blocks were steady at $1.8425. AA butter was $.0025 lower at $2.0575, Grade A nonfat dry milk was $.0025 higher at $1.57, and Extra Grade dry whey held at $.6975.