Market News

Milk futures lower, cash cheese steady

In Class III trade at the Chicago Mercantile Exchange, milk futures were lower, taking back Thursday’s gains and then some. February was down $.10 at $13.83 and March was $.12 lower at $13.96, while April was down $.16 at $13.96 and May was $.23 lower at $14.15.

In the spot market, cash cheese was unchanged. Barrels held at $1.465. Blocks were steady at $1.47. There was one load sold at $1.4675 and the last bid unfilled was on one load at the closing price.

Butter was $.03 lower at $2.17, with one load sold.

Grade A nonfat dry milk was up $.015 at $.75. There were two loads sold at that price and the last bid unfilled was for two loads, also at $.75. The last offer uncovered was for three loads at $.76.