Market News

Milk futures lower, cash dairy mixed

Class III milk futures at the Chicago Mercantile Exchange were down modestly on follow through selling and demand uncertainties. August was $.04 lower at $16.39, September was down $.08 at $16.86, October was $.10 lower at $17.05, and November was down $.10 at $16.98.

Cash cheese blocks were up $.025 at $1.705. The last unfilled bid was on one load at $1.705. Barrels were $.0375 lower at $1.555. Seven loads were sold, including one at $1.555 and three at $1.56. The last uncovered offer was for one load at $1.56.

Butter was unchanged at $2.65. The last unfilled bid was on one load at $2.6425. The last uncovered was for one load at $2.665.

Nonfat dry milk was steady at $.85. Three loads were sold, including one at $.85. The last unfilled bid was on one load, also at $.85. The last uncovered offer was for one load at $.8525.