Market News

Milk futures higher, cash dairy mixed

Milk futures on the Chicago Mercantile Exchange closed higher Friday following a supportive supply and demand report and as the block and barrel cheddar spread widens to a new record.

July Class III milk three cents higher at $24.20.  August up 76 cents at $23.04.  September 46 cents higher at $20.28.  October 14 cents higher at $18.51.  November through January contracts 14 to 17 cents higher.

Dry whey unchanged at $0.2875. 

Blocks up $0.0850 at $2.9150, a new record.  Six trades were made at $2.85 and $2.9150. 

Barrels down $0.06 at $2.34. 

Butter up $0.0025 at $1.69.  Five trades were made ranging from $1.6650 to $1.69.

Nonfat dry milk down $0.0175 at $1.0150. 

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