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CME milk futures, cash dairy higher Monday

Milk futures were higher and the cash dairy markets were steady to higher Monday on the Chicago Mercantile Exchange. 

February Class III milk was up $0.08 at $16.21.  March was up $0.28 at $17.26.  April was up $0.21 at $17.56.  May was up $0.22 at $17.93.  

June through December contracts ranged from unchanged in October and December to twenty-three cents higher in June.  Monday’s Class III trade volume had just over eleven hundred contracts. 

Dry whey remains unchanged at $0.52.  No sales were recorded. 

Forty-pound cheese blocks were up $0.0150 at $1.5850.  One sale was recorded at $1.59. 

Cheese barrels were up $0.0175 at $1.5950.  Three sales were recorded, ranging from $1.59 to $1.5950. 

Butter was up $0.0225 at $2.7125.  No sales were recorded. 

Nonfat dry milk was unchanged at $1.20.   No sales were recorded. 

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