Market News

Milk futures, cash dairy mostly lower

Class III milk futures at the Chicago Mercantile Exchange were mixed with the most active months down on profit taking. June was $.04 lower at $16.66, July was down $.14 at $17.12, August was $.17 lower at $17.35, and September was down $.13 at $17.42.

Cash cheese blocks were $.0075 lower at $1.7375. One load was sold at $1.7475. The last uncovered offer was for one load at $1.7375. Barrels were down $.0125 at $1.5325. The last unfilled bid was on two loads at $1.51. The last uncovered offer was for one load at $1.5325.

Butter was unchanged at $2.41. Three loads were sold, two at $2.41 and one at $2.42. The last unfilled bid was on one load at $2.41. The last uncovered offer was for one load at $2.4125.

Nonfat dry milk was down $.005 at $.95. Four loads were sold, including two at $.95. The last unfilled bid was on one load, also at $.95. The last uncovered offer was for one load at $.96.