Market News

Milk futures, cash dairy mixed

Milk futures on the Chicago Mercantile Exchange continue to see mixed activity after the Thanksgiving holiday break following the direction of the cash market.

November Class III milk 16 cents higher at $23.27.  December 18 cents lower at $15.15.  January down 11 cents at $15.91.  February three cents lower at $16.25.  March through May contracts two cents lower to three cents higher.

Dry whey unchanged at $0.43. 

Blocks down $0.02 at $1.66.  Two sales were made at $1.65 and $1.6850.  

Barrels down $0.0075 at $1.4150. 

Butter up $0.0025 at $1.3625.  Eleven trades were made ranging from $1.33 to $1.3650.

Nonfat dry milk up $0.0150 at $1.11.  Three trades were made ranging from $1.1050 to $1.11.