Market News

Milk futures mostly weak, cash dairy mostly firm

Class III milk futures at the Chicago Mercantile Exchange were mostly modestly lower on spread trade and profit taking. May was down $.03 at $15.55, June was $.01 lower at $15.86, July held at $16.33, and August was down $.02 at $16.74.

Cash cheese blocks were $.01 lower at $1.59. One load was sold at $1.59. The last uncovered offer was for one load at $1.60. Barrels held at $1.45.

Butter was $.02 higher at $2.1275. One load was sold at $2.1275. The last unfilled bid was on one load, also at $2.1275. The last uncovered offer was for one load at $2.1325.

Nonfat dry milk was up $.005 at $.85. One load was sold at $.8425. The last unfilled bid was on two loads at $.85. The last uncovered offer was for five loads at $.89.