Milk futures, cash dairy mixed
January 22, 2021 By Nicole Heslip Filed Under: Closing Futures / Livestock Briefs, Dairy Markets, Dairy Markets, Market News
Milk futures on the Chicago Mercantile Exchange ended the week in mixed territory following cash trade while grain markets took a big dive.
January Class III milk up a penny at $16.16. February unchanged at $16.46. March 21 cents higher at $17.54. April up 13 cents at $17.54. May through July contracts a penny to 14 cents higher.
Dry whey unchanged at $0.54. One sale was made at that price.
Blocks down $0.0425 at $1.61. Eight sales were made ranging from $1.60 to $1.61.
Barrels up $0.0025 at $1.3925. Eight sales were made ranging from $1.39 to $1.3950.
Butter unchanged at $1.4025.
Nonfat dry milk down $0.01 at $1.1725. Eleven sales were made ranging from $1.17 to $1.1775.
For February, the USDA has set the base Class I milk price at $15.54 per hundredweight, up $0.40 from January, with the base Class I skim price at $10.37, up $0.34.
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