Market News

CME milk futures higher, cash dairy mixed Friday

Milk futures were higher and cash dairy markets were mixed Friday on the Chicago Mercantile Exchange.   

October Class III milk was up $0.17 at $16.88.  November was up $0.27 at $17.17.  December was up $0.18 at $17.50.  January was up $0.09 at $17.99.  February through August contracts ranged from seventeen cents lower in June to nine cents higher in January.   

Dry whey was down $0.0050 at $0.29. Sixteen sales were recorded, ranging from $0.2875 to $0.2950. 

Forty-pound cheese blocks were unchanged at $1.72. No sales were recorded. 

Cheese barrels were up $0.01 at $1.48.  Four sales were recorded, ranging from $1.48 to $1.4825. 

After a week of rising prices, Butter was down $0.0350 at $3.30.  One sale was recorded at $3.32. 

Nonfat dry milk was up $0.0025 at $1.1850. Two sales were recorded at that price.