Market News

Milk futures, cash dairy mostly higher

Milk futures on the Chicago Mercantile Exchange pushed past $20 in summer contracts supported by optimism for declining feed costs and strong cash sales.

May Class III milk up 18 cents at $19.07.  June up 64 cents at $19.64. July up 69 cents at $20.08. August up 65 cents at $20.04. September through November contracts 33 to 45 cents higher.

Dry whey up $0.0025 at $0.63.

Blocks up $0.0425 at $1.8125. Seven trades were made from $1.78 to $1.8075.

Barrels up $0.0650 at $1.7550. Three trades were made from $1.6875 to $1.71.

Butter up $0.0375 at $1.85.

Nonfat dry milk down $0.0150 at $1.3075. Five trades were made from $1.3075 to $1.3150.