Market News

Milk futures cross $20/cwt., cash dairy higher

Milk futures on the Chicago Mercantile Exchange starting the week out with strong moves following positive cash trade.

April Class III milk up 18 cents at $17.86.  May up 58 cents at $19.96.  June up 57 cents at $20.02.  July 28 cents higher at $19.58.  August through October contracts seven to 19 cents higher.

Dry whey up $0.02 $0.65.  One sale was made at that price. 

Blocks up $0.03 at $1.86.  Eight trades were made ranging from $1.85 to $1.8675. 

Barrels up $0.0725 at $1.7650.  Ten trades were made from $1.7350 to $1.7750.   

Butter up $0.0250 at $1.9050. 

Nonfat dry milk up $0.01 at $1.2150.  Eleven trades were made from $1.21 to $1.22. 

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