Market News

Milk futures higher, cash dairy lower

Milk futures on the Chicago Mercantile Exchange closed higher for the week despite the slowdown in cash trade.

November Class III milk a penny lower at $20.36.  December up nine cents at $18.78.  January 11 cents higher at $18.30.  February up six cents at $17.75.  March through June contracts one to six cents higher.

Dry whey down $0.0075 at $0.3475.  Three trades were made ranging from $0.3475 to $0.3525.

Blocks unchanged at $1.8425. 

Barrels unchanged at $2.1850. 

Butter down $0.0150 at $2.0250.  Six trades were made ranging from $2.02 to $2.04. 

Nonfat dry milk down $0.0050 at $1.22.  Fifteen trades were made ranging from $1.22 to $1.2250.