Market News

Most CME milk futures and cash dairy higher Friday

Milk futures were mostly higher and the cash dairy markets were steady to higher except for block cheese on the Chicago Mercantile Exchange.   

December Class III milk was up $0.02 at $16.12.  January was up $0.12 at $16.31.  February was up $0.12 at $16.70.  March was up $0.09 at $17.42.  April through October contracts ranged from three cents lower in June and September to four cents higher in October.  

Dry whey was up $0.0025 at $0.40.  Two sales were recorded at $0.40 and $0.41. 

It’s been a while since the block-barrel price spread was zero. Forty-pound cheese blocks were down $0.02 at $1.52.  Three sales were recorded, ranging from $1.5150 to $1.53. 

Cheese barrels were up $0.01 at $1.52.  Two sales were recorded at that price. 

Butter was unchanged at $2.6550.  No sales were recorded. 

Nonfat dry milk was up $0.0050 at $1.18.  Nine sales were recordedat that price.