Market News

Milk futures higher, cash dairy lower

Milk futures on the Chicago Mercantile Exchange started the week to the higher side as traders correct oversold positions while cash markets were lower.

August Class III milk up seven cents to $19.43.  September a penny higher at $16.24.  October two cents higher at $16.54.  November up six cents at $16.51.  December through February contracts unchanged to a nickel higher.

Dry whey down $0.0050 at $0.3150.  Two trades were made at that price.

Blocks down $0.0750 at $1.63.  Three trades were made at $1.6275 and $1.63. 

Barrels down $0.0375 at $1.48.  Ten trades were made ranging from $1.48 to $1.5325.

Butter down $0.0525 at $1.4775.  Eleven trades were made ranging from $1.45 to $1.5225.

Nonfat dry milk down $0.0125 at $0.9425.  One trade was made at that price.

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