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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