Market News

CME milk futures, cash dairy higher Thursday

Milk futures were higher and cash dairy prices were steady to higher  Thursday on the Chicago Mercantile Exchange.  Class III milk recovered most of Wednesday’s losses.

May Class III milk was up $0.40 at $18.18.  June was up $0.29 at $18.20.  July was up $0.20 at $18.51. August was up $0.25 at $18.77.    

September through November contracts ranged from fifteen cents higher in November to seventeen cents higher in September.     

Dry whey was up $0.0125 at $0.3825.  Four sales were recorded, ranging from $0.3750 to $0.3825. 

Forty-pound cheese blocks were unchanged at $1.74.  One sale was recorded at $1.73. 

Cheese barrels were unchanged for a fourth straight session at $1.77.  Two sales were recorded at that price. 

Butter was unchanged at $2.9675.  No sales were recorded. 

Nonfat dry milk was up $0.0125 at $1.1150.  One sale was recorded at that price.