Market News

Milk futures, cash dairy mostly lower

Class III milk futures at the Chicago Mercantile Exchange were mostly lower on spread trade, technical selling, and demand uncertainties. February was up $.02 at $16.90, March was down $.10 at $16.93, April was $.08 lower at $17.05, and May was down $.11 at $17.07.

Cash cheese barrels were down $.0075 $1.5975. There were three loads sold, two at $1.60 and one at $1.6025. The last uncovered offer was for one load at $1.5975. Barrels were unchanged at $1.65. There were four loads sold, all at $1.65.

Butter held at $2.1575. The last unfilled bid was on one load at $2.13. The last uncovered offer was for one load at $2.1575.

Nonfat dry milk was $.03 lower at $.88. There was one load sold at $.88. The last unfilled bid was on two loads at $.875. The last uncovered offer was for one load at $.885.