Market News

Milk futures, cash cheese higher

In Class III trade at the Chicago Mercantile Exchange, milk futures were higher on follow through buying and good demand expectations. January was up $.08 at $16.70, February was $.28 higher at $17.42, March was up $.23 at $17.52, and April was $.13 higher at $17.54.

Cash cheese blocks were up $.05 at $1.72. There were a total of four loads sold, one at $1.69, two at $1.70, and one at $1.72. The last unfilled bid was on one load at $1.69. Barrels were $.055 higher at $1.63. There were a total of five loads sold, including one at $1.63.

Butter held at $2.30. The last unfilled bid was on one load at $2.27. The last uncovered offer was for one load at $2.30.

Nonfat dry milk was up $.0025 at $1.02. There were three loads sold, including one at $1.02. The last unfilled bid was on one load at $1.02.