Market News

Big day for milk futures and cash dairy Monday

June Class III milk futures on the Chicago Mercantile Exchange up 75 to $14.43.  July also up the limit of 75 cents at $15.45.  August through October contracts 74 to 75 higher.

Dry whey up $0.0050 at $0.4025.  Three trades were made, ranging from $0.40 to $0.4050. 

Blocks up $0.0825 at $1.3875. 

Barrels up $0.03 to $1.30.  Three trades made at $1.30.

Butter up $0.0625 at $1.3525.  Five trades were made, with a range of $1.34 to $1.3475.

Nonfat dry milk up $0.0325 at $0.8575.  Eight-teen trades made, ranging $0.84 to $0.86.