Market News

CME milk futures, cash dairy down Monday

Milk futures and the cash dairy markets were mostly lower again Monday on the Chicago Mercantile Exchange.   

December was down $0.26 at $16.38.  January was down $0.26 at $16.53.  February was down $0.23 at $17.05.  March Class III milk was down $0.14 at $17.66. April through October contracts ranged from ten cents lower in May to two cents higher in September.   

Dry whey was down $0.0075 at $0.4025. No sales were recorded. 

Forty-pound cheese blocks remain unchanged at $1.60.  No sales were recorded. 

Cheese barrels were down $0.05 at $1.51.  Four sales were recorded, ranging from $1.51 to $1.5475. 

Butter was up $0.0275 at $2.5175.  Two sales were recorded at $2.5175 and $2.52. 

Nonfat dry milk was unchanged at $1.1925.  No sales were recorded.