Market News

Milk futures, cash cheese higher

Class III futures at the Chicago Mercantile Exchange were supported by follow through technical buying. June was $.37 higher at $16.60, July was up $.45 at $17.25, August was $.43 higher at $17.58, and September was up $.37 at $17.57.

Cash cheese blocks were $.055 higher at $1.72. Two loads were sold, one at $1.72 and one at $1.71. Barrels were up $.0575 at $1.52. 21 loads were sold, including five at $1.47 and three at $1.52. The last unfilled bid was on two loads at $1.50. The last uncovered offer was for one load at $1.53.

Butter was unchanged at $2.38. The last unfilled bid was on two loads at $2.375. The last uncovered offer was for one load at $2.4025.

Nonfat dry milk was $.0025 higher at $.93. 17 loads were sold, including five each at $.9375, $.935, and $.93. The last unfilled bid was on one load at $.9275. The last uncovered offer was for 10 loads at $.9375.