Market News

Milk futures, cash cheese continue to fall

Chicago Mercantile Exchange Class III milk futures were pressured by follow through selling. February was down $.40 at $19.51 and March was $.64 lower at $20.17, while April was down $.41 at $20.57 and May was $.28 lower at $20.62.

Cash dairy markets were mostly lower, continuing that recent trend. Barrels were down $.0425 at $1.6625 and blocks were $.03 lower at $1.73. Grade A nonfat dry milk lost $.025 to $1.7775 and double A butter continued its slide, dropping $.21 to $2.49, while extra grade whey held at $.82.