Market News

CME milk futures down, cash dairy mixed Friday

Milk futures were mostly down and cash dairy prices were mixed on the Chicago Mercantile Exchange Friday.  

December Class III milk was down $.03 at $19.40.  January was down $.21 at $18.03. February was down $.07 at $17.60.  March was down $.06 at 17.16. The milk futures from April through next November ranged from five cents lower to three cents higher.

Dry whey was unchanged at $.3375 cents per pound.  Six sales were recorded from $.3375 to $.34.

Forty-pound blocks were down $.06 at $1.7975 per pound. There were four offers but no sales were recorded.

Barrels were down $.0650 at $1.6950 per pound.  There were four bids, and eight sales were recorded from $1.6850 to $1.6950.  

Grade AA Butter was up $.0050 at $1.96 per pound.  There was one offer and two bids, but no sales were recorded.

Nonfat dry milk was up $.0075 at $1.2650 per pound.  There were three offers and twelve bids, but just one sale was recorded at $1.2625.