Market News

Milk futures higher, cash dairy mixed

Milk futures on the Chicago Mercantile Exchange closed higher even with mixed cash trade Monday.

December Class III milk up six cents at $19.36.  January 18 cents higher at $18.99.  February 13 cents higher at $18.26.  March up 12 cents at $17.85.  April through July contracts unchanged to a nickel higher.

Dry whey up $0.0025 at $0.3550. 

Blocks down $0.03 at $1.9325.  Four trades were made ranging from $1.9175 to $1.96.

Barrels up $0.01 at $2.5475.  Four trades were made ranging from $2.2475 to $2.2575.

Butter down $0.0275 at $1.97.  Three trades were made ranging from $1.97 to $1.99.

Nonfat dry milk up $0.0250 at $1.2625.  One trade was made at that price.