Market News

Milk futures, cash dairy mixed

Milk futures on the Chicago Mercantile Exchange were still waking up from a holiday break with markets closing mixed on the day in limited activity, cash cheese showed strong sales on the day.

December Class III milk down a penny at $15.70.  January 24 cents lower at $16.42.  February four cents higher at $17.73.  March down two cents at $17.63.  April through June contracts three to 10 cents higher.

Dry whey unchanged at $0.4675. 

Blocks up $0.0175 at $1.6150.  Ten sales were made ranging from $1.5975 to $1.6150. 

Barrels up $0.0050 at $1.47.  Ten sales were made ranging from $1.4625 to $1.47. 

Butter down $0.0325 at $1.4925. 

Nonfat dry milk down $0.0050 at $1.1425.