Market News

Milk futures, cash dairy trade higher

Milk futures on the Chicago Mercantile Exchange started the week higher supported by cash markets.

September Class III milk up one cent at $16.54. October 21 cents higher at $17.51. November up 32 cents at $17.34. December 16 cents higher at $17.37. January through March contracts unchanged to a nickel higher.

Dry whey unchanged at $0.5725.

Blocks up $0.0025 at $1.71. Two trades were made at that price.

Barrels up $0.02 at $1.62. Three trades were made from $1.6075 to $1.62.

Butter up $0.0175 at $1.7450. Eleven trades were made from $1.7450 to $1.7625.

Nonfat dry milk unchanged at $1.36.