Market News

Milk futures, cash cheese lower

Class III milk futures at the Chicago Mercantile Exchange were down, pressured by the January milk production numbers and follow through selling. February was $.02 lower at $16.85, March was down $.19 at $16.38, April was $.09 lower at $16.58, and May was down $.01 at $16.76.

Cash cheese blocks were $.02 lower at $1.51. There were a total of four loads sold, including one at $1.51. The last unfilled bid was on one load at $1.5075. The last uncovered offer was for one load at $1.52. Barrels were down $.03 at $1.57. The last uncovered offer was for one load at $1.57.

Butter was $.0225 lower at $2.1175. There was one load sold at $2.1175.

Nonfat dry milk was down $.005 at $.87. There was one load sold at $.87. The last unfilled bid was on one load at $.855. The last uncovered offer was for one load at $.87.

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