Market News

Milk futures, cash dairy mostly lower

Class III milk futures at the Chicago Mercantile Exchange were mostly lower, resuming the recent trend. March was up $.06 at $15.80, April was down $.36 at $15.05, May was $.32 lower at $15.41, and June was down $.20 at $15.80.

Cash cheese blocks were $.01 lower at $1.44. There were six loads sold, five at $1.44 and one at $1.4375. The last unfilled bid was on one load at $1.44. Barrels were unchanged at $1.41. The last uncovered offer was for one load at $1.41.

Butter was down $.02 at $2.10. There was one load sold at $2.10.

Nonfat dry milk was up $.0225 at $.845. The last unfilled bid was on one load at $.845. The last uncovered offer was for one load at $.85.