Market News

CME milk futures higher, cash dairy mixed Thursday

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

February Class III milk was up $0.28 at $15.86.  March was up $0.29 at $16.15.  April was up $0.14 at $16.57.  May was up $0.04 at $17.13.  

June through December contracts ranged from unchanged in November and December to thirteen cents higher in June.  Thursday’s trade volume was estimated at just over twenty-four hundred contracts. 

Dry whey was unchanged at $0.4425.  Two sales were recorded at that price. 

Forty-pound cheese blocks were up $0.0225 at $1.5225.  Four sales were recorded, ranging from $1.52 to $1.5225. 

Cheese barrels were down $0.0175 at $1.44.  Two sales were recorded at $1.4250 and $1.44. 

Butter was up $0.11 at $2.6875.  No sales were recorded. 

Nonfat dry milk was up $0.01 at $1.2025.  Two sales were recorded at $1.20 and $1.2025.